A buyer's agent in New York discovers that their client's target property has an underground storage tank (UST) that was registered with the New York Department of Environmental Conservation. The tank was properly closed in place five years ago. What should the agent advise the buyer?
Correct Answer
C) Request documentation of the closure and consider environmental testing to verify no soil contamination occurred
Even properly closed underground storage tanks can have caused historical contamination. The buyer should request closure documentation and consider environmental testing to verify that no soil or groundwater contamination occurred during the tank's operational period. This protects the buyer from unknown environmental liabilities.
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