What type of report is prepared for a real estate holding to identify potential environmental contamination liabilities?

The correct answer is the environmental assessment. An environmental assessment is specifically designed to evaluate potential contamination liabilities associated with a property. This type of report analyzes the environmental conditions and potential risks by examining the history of the land, any previous uses, and current conditions. It aims to identify hazardous materials, pollutants, or any conditions that could pose a risk to human health or the environment.

An environmental impact statement focuses on the expected effects of a proposed project on the environment, which differs from assessing contamination liabilities. A property condition report typically provides an overview of the physical condition of a property, including its systems and structures, and does not primarily address environmental contamination. A due diligence report is broader and encompasses various aspects of a property transaction, including financial, legal, and environmental factors, but it is not exclusively focused on environmental liabilities like an environmental assessment is.