Environmental
What is an 'underground storage tank' (UST) and why is it significant in Delaware real estate?
AA water cistern used in rural Delaware properties for irrigation
BA tank buried underground used to store petroleum or hazardous substances; leaking USTs can contaminate soil and groundwater, creating significant remediation liability✓ Correct
CA septic tank located below the frost line
DAn underground utility vault serving multiple properties
Explanation
Underground storage tanks (USTs) store petroleum products or hazardous chemicals. Leaking USTs can contaminate soil and groundwater, creating costly remediation liability under CERCLA and Delaware law.
People Also Study
Related Delaware Questions
- An underground storage tank (UST) containing petroleum products that leaks into the soil is regulated primarily under which federal law?Environmental
- An underground storage tank (UST) containing petroleum products that leaks into the soil is regulated primarily under which federal law?Environmental
- Which of the following is a potential health risk from a leaking underground oil storage tank on a Delaware property?Environmental
- What environmental concern is associated with properties adjacent to former gas stations in Delaware?Environmental
Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Study This Topic
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →