Environmental
In Iowa, before closing on a property that has or had a petroleum underground storage tank, buyers should request:
AA zoning variance
BIowa DNR's UST database records and any required remediation documentation✓ Correct
CA new abstract of title only
DA FEMA flood certification only
Explanation
Iowa DNR maintains records on UST sites, including leaks and remediation status. Buyers of properties with known or former USTs should review DNR records for contamination and required cleanup.
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Key Terms to Know
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.
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
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