A commercial property is being converted to residential use. The seller knows about previous industrial chemical storage on-site but believes it was properly remediated. How should this be addressed in the SPDS?
Correct Answer
A) Disclose the previous chemical storage and believed remediation
Correct: A - Disclose the previous chemical storage and believed remediation. The seller should disclose the known previous chemical storage and their belief about remediation. This provides full transparency about the property's environmental history. Why not B: This option is incorrect because "Require environmental testing before completing the SPDS" does not match the rule tested by the question. The correct answer is "Disclose the previous chemical storage and believed remediation". The seller should disclose the known previous chemical storage and their belief about remediation. This provides full transparency about the property's environmental history. Why not C: This option is incorrect because "No disclosure needed since remediation was completed" does not match the rule tested by the question. The correct answer is "Disclose the previous chemical storage and believed remediation". The seller should disclose the known previous chemical storage and their belief about remediation. This provides full transparency about the property's environmental history. Why not D: This option is incorrect because "Only disclose if current contamination is detected" does not match the rule tested by the question. The correct answer is "Disclose the previous chemical storage and believed remediation". The seller should disclose the known previous chemical storage and their belief about remediation. This provides full transparency about the property's environmental history.
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