Which term refers to property that is subject to regulatory and environmental issues?

The term that refers to property subject to regulatory and environmental issues is "contaminated property." This designation typically relates to real estate that has been impacted by hazardous substances, pollutants, or other environmental hazards, making it necessary to address these issues through regulatory oversight or remediation efforts. Contaminated property requires special attention as it can pose health risks to individuals and create legal liabilities for property owners. These properties may also face restrictions on their use and have increased scrutiny from regulators, impacting their marketability and value.

In contrast, commercial property, residential property, and undeveloped land can exist without the specific environmental concerns that characterize contaminated properties. Commercial and residential properties can be safe and compliant with regulations, while undeveloped land may not yet have been subjected to any environmental degradation. Therefore, the focus on environmental and regulatory issues distinctly identifies contaminated property in this context.