Environmental
In Montana, 'methamphetamine contamination' in a rental property is treated as:
AA minor cosmetic issue that tenants must clean themselves
BA serious health hazard requiring disclosure and potentially expensive professional decontamination under Montana law✓ Correct
COnly an issue for the prior tenant, not the property
DAn issue regulated solely by local ordinance, not state law
Explanation
Montana has laws addressing methamphetamine contamination in properties. It is treated as a serious environmental health hazard requiring disclosure and professional decontamination to defined standards before a contaminated property may be re-occupied.
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Key Terms to Know
Gross Rent Multiplier (GRM)
A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
Transfer TaxA tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
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.
State-Specific Concepts
DRE Regulation
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