Some commercial properties have undisclosed contamination, making them an extremely risky investment. These abandoned and contaminated properties are commonly known as “Brownfields,” and the cost of remediation can be extremely expensive. Common contaminants include lead-based paint, asbestos insulation, forgotten underground fuel tanks, and improperly stored chemicals that have leached into the nearby soil or water sources. This contamination can be costly and time-consuming to clean up. Completing an environmental assessment before purchasing can help you plan for the future and can provide you with liability protections.