New Legal Protection for Buyers of Real Estate in Ohio

On June 16, Governor DeWine signed legislation that adopts the federal Bona Fide Prospective Purchaser (BFPP) Defense as a means of addressing state of Ohio environmental liabilities. Buyers of real estate in Ohio that perform environmental due diligence prior to purchasing real estate and follow the federal All Appropriate Inquiry standard can now establish an affirmative defense for both federal …