What is the purpose of a Title Search in the context of an Environmental Site Assessment?

The purpose of a Title Search in the context of an Environmental Site Assessment is to identify any past ownership or uses of the property that may pose an environmental risk. A Title Search involves examining public records to trace the ownership history of a property, which can reveal previous activities and uses that might have contributed to contamination or environmental hazards.

This historical understanding is crucial because certain past activities—such as industrial operations, waste disposal, or petroleum storage—can lead to soil or groundwater contamination, which lawmakers and environmental agencies seek to identify and address. By understanding these risks, stakeholders can make informed decisions regarding property development, compliance with environmental regulations, remediation requirements, and potential liabilities associated with the property.

In contrast, the other choices incorrectly focus on aspects like financing, market values, or finding buyers, which do not directly relate to the environmental risks and historical assessment that a Title Search aims to uncover.