Environmental
In Connecticut, which of the following requires a property owner to file a 'Transfer Act' disclosure when selling commercial or industrial property?
AThe presence of any wetlands on the property
BThe prior use of the property for certain regulated activities involving hazardous substances✓ Correct
CThe age of the building being over 50 years
DThe property having more than 5 acres of land
Explanation
Connecticut's Transfer Act (CGS § 22a-134) requires disclosure and potentially remediation when transferring commercial or industrial real property that was used for certain regulated activities involving hazardous waste or substances.
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