In New Jersey, selling or closing a business, ceasing operations, or transferring a majority shareholder interest could trigger ISRA. If ISRA is triggered, there are a few other criteria that must be satisfied to induce the ISRA-compliance process: You must be an industrial establishment with an applicable North American Industry Classification System (NAICS) number as designated within the ISRA rules; the business must have operated in New Jersey on or after December 31, 1983; and it must involve the storage or handling of specifically defined hazardous substances.
If you have an ISRA-subject business, you must demonstrate that your operation has not contaminated the premises or surrounding property. This involves submitting various forms and affidavits to the NJDEP and possibly the acquisition of soil or groundwater samples. Having worked on well over 100 ISRA cases, ESA will get you through this process quickly and inexpensively.
Ask ESA if your business is subject to ISRA. We can help determine the applicability of ISRA to your situation. Remember... even if you are a tenant, ISRA could apply.
Below are common issues faced by ISRA applicants:
Other Real Estate Services: