Environmental
A Connecticut buyer is purchasing a home that has an oil-burning furnace. The property disclosure shows a 275-gallon above-ground heating oil tank in the basement. The buyer's concerns should include:
ANo concerns; above-ground tanks are always safe
BPotential for leaks from the above-ground tank, inspecting the tank for corrosion, age, and condition, and verifying proper installation✓ Correct
COnly the age of the tank; all tanks older than 10 years must be replaced
DThe buyer only needs to verify the oil level in the tank
Explanation
Above-ground oil storage tanks can leak or corrode, potentially contaminating soil and requiring expensive cleanup. The buyer should have the tank inspected for condition, verify it is properly maintained and installed, and check for evidence of any prior leaks around or beneath the tank.
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