Environmental
What is a 'release' in environmental contamination terminology and why does it matter for Nevada real estate?
AA legal document releasing the seller from warranty claims after closing
BThe spilling, leaking, pumping, pouring, or dumping of a hazardous substance into the environment — a release on or near a Nevada property can trigger cleanup liability and affect property value and marketability✓ Correct
CThe release of a mechanic's lien after payment
DA Nevada real estate contract provision releasing contingencies
Explanation
Under CERCLA and Nevada environmental law, a 'release' (or 'threatened release') of hazardous substances triggers cleanup liability. Even a historical release — spilled chemicals from a former dry cleaner or leaking underground storage tank — can create ongoing contamination liability for current property owners. Nevada real estate agents and buyers must be alert to past releases as revealed by Phase I ESAs, regulatory databases (LUST sites, RCRA facilities), and historical records.
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