EnvironmentalIntermediateCalifornia Exam

Underground storage tanks (USTs) on a property are a concern because:

AThey reduce assessed value by increasing square footage calculations

BLeaking tanks can contaminate soil and groundwater with petroleum productsCorrect

CThey require a conditional use permit to install

DThey are automatically disclosed on the title report

Why Leaking tanks can contaminate soil and groundwater with petroleum products Is Correct

Answer B: Leaking tanks can contaminate soil and groundwater with petroleum products

Underground storage tanks, especially older steel tanks, can leak petroleum products (gasoline, diesel, heating oil) into the soil and groundwater. Cleanup of such contamination can be extremely costly, and liability may attach to property owners under state and federal law.

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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Key Terms to Know

Encumbrance

Any claim, lien, charge, or liability attached to real property that affects its value or limits its use.

Zoning

Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.

Variance

Official 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 Domain

The power of government to take private property for public use, with the requirement to pay the owner just compensation.