The Arizona 'Underground Storage Tank' (UST) program is important for real estate because:
Why Leaking USTs (commonly from gas stations and older homes with fuel oil tanks) can contaminate soil and groundwater, creating significant liability and disclosure obligations for property owners and sellers Is Correct
Answer B: Leaking USTs (commonly from gas stations and older homes with fuel oil tanks) can contaminate soil and groundwater, creating significant liability and disclosure obligations for property owners and sellers
Exam Tip: Environmental
Environmental questions test knowledge of hazards like asbestos, lead-based paint, radon, and mold. Know the disclosure requirements and when a professional inspection is required. CERCLA liability is strict, joint, and several.
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Related Arizona Questions
- An Arizona seller is aware of a leaking underground storage tank (UST) on the property. Under Arizona disclosure law, the seller:Environmental
- Underground Storage Tanks (USTs) in Arizona are regulated primarily to prevent:Environmental
- In Arizona, a seller who knows about a leaking underground storage tank on the property must:Environmental
- An Arizona seller is required to disclose the existence of a registered underground storage tank (UST) on the property because it is:Environmental
- Arizona requires that dual agency (limited representation) be disclosed and consented to:Agency
- When appraising special-purpose properties in Arizona (gas stations, car washes), the appraiser typically:Property Valuation
- An Arizona city's growth management program that requires building permits to be tied to the availability of public infrastructure is an example of:Land Use & Zoning
- Arizona's 'Landlord and Tenant Act' requires landlords of residential properties to maintain the premises in a 'habitable' condition. 'Habitable' means the property must have:Property Ownership
Key Terms to Know
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
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