The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

do i need to get an asbestos report

I am selling a 20 bedroom hotel that was purchased in 1981, I have extended & built 20 bedrooms in 1989 & large function room 1994. The buyer has requested an asbestos report. Is it a legal requirement when selling?

No User Photo

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., "www.mywebsite.com"

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, illegal activities, or to rant about personal issues. Please review the full guidelines if you have any questions.

Submit Your Answer
Answers (1)
No User Photo
The BAF Group LLC
MD

You say it was purchased in 1981, but when was it built? Do you have reason to believe asbestos was used in the construction of the building? The regulation for that kind of testing is largely a function of state or local requirement. However, if it is not required, the Buyer should do that kind of testing him/herself - not you.

Jan 18, 2016