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Oh Disclosure RequirementsEnvironmental_ohEASY

Matt, an Ohio first-time seller, asks his agent what an underground storage tank (UST) is and why it matters for disclosure. Under Ohio environmental law, why must USTs be disclosed?

Correct Answer

D) USTs can leak and contaminate soil and groundwater, creating environmental liability for the property owner

Underground storage tanks can leak petroleum products or other substances into the soil and groundwater, creating significant environmental contamination and liability. Even decommissioned USTs can have historical contamination. Property owners may be liable for cleanup costs, making UST disclosure critical.

Answer Options
A
USTs have no environmental significance and are only disclosed for insurance purposes
B
USTs must be disclosed because the Ohio Division of Real Estate requires a separate UST form
C
USTs are only a concern if they are currently in active use
D
USTs can leak and contaminate soil and groundwater, creating environmental liability for the property owner

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Related Topics & Key Terms

Key Terms:

underground_storage_tankenvironmental_liabilitysoil_contaminationohio_disclosures
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