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Mandated DisclosuresEnvironmental_and_federal_disclosures_in_gaMEDIUM

Agent Kelly discovers that her listed property had a heating oil tank removed from the basement in 2010, with soil remediation completed. The seller has documentation showing successful cleanup. How should Kelly handle this disclosure?

Correct Answer

D) Disclose the tank removal and provide remediation documentation

Previous contamination and successful remediation should both be disclosed with supporting documentation. A is incorrect - history still requires disclosure. C is incorrect - material facts must be disclosed proactively. D is not required though may be recommended - existing documentation shows successful cleanup.

Answer Options
A
No disclosure needed since remediation was completed successfully
B
Only mention if buyers ask about previous heating systems
C
Recommend current soil testing to verify cleanup effectiveness
D
Disclose the tank removal and provide remediation documentation

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Related Topics & Key Terms

Key Terms:

heating_oil_tanksoil_remediationdocumentationsuccessful_cleanup
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