Environmental
Iowa regulations require that abandoned wells on property being sold must be:
ALeft in their current condition if no contamination is detected
BProperly plugged and decommissioned according to Iowa DNR requirements✓ Correct
CConverted to irrigation wells for agricultural use
DListed in the Groundwater Hazard Statement but no action is required
Explanation
Iowa law requires abandoned wells to be properly plugged and decommissioned in accordance with Iowa Department of Natural Resources (DNR) requirements. The Groundwater Hazard Statement requires disclosure of wells, and sellers are responsible for proper closure of abandoned wells.
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Key Terms to Know
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.
VarianceOfficial 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 DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
Math Concepts
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