Environmental
When purchasing a property in Massachusetts, a buyer's concern about underground storage tanks (USTs) should lead them to request a:
AMEPA certificate
BPhase I Environmental Site Assessment✓ Correct
CTitle insurance upgrade
DZoning certificate
Explanation
A Phase I ESA would identify the presence of USTs and other recognized environmental conditions through records review and site inspection, helping the buyer understand environmental risks before purchasing.
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Key Terms to Know
Title Insurance
Insurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
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.
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