Environmental
In Michigan, when buying a property with an old residential heating oil underground storage tank, buyers should be aware that:
AResidential heating oil USTs are never a liability
BAn old UST may have leaked, contaminating soil and groundwater with home heating oil, requiring cleanup✓ Correct
CHeating oil USTs are not regulated in Michigan
DOnly commercial USTs require investigation
Explanation
Old residential heating oil USTs in Michigan can leak, causing soil and groundwater contamination that is the responsibility of the current property owner to address. Buyers should identify and investigate the condition of any abandoned residential USTs.
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