Environmental
A New Hampshire buyer discovers the property they are under contract to purchase has a fuel oil spill that contaminated the soil. The buyer should:
AProceed with the purchase since the seller must remediate
BConsult an environmental attorney and potentially conduct a Phase II ESA before closing✓ Correct
CSimply request a $5,000 price reduction
DReport only to the NHREC
Explanation
A known soil contamination issue warrants legal and environmental professional consultation. A Phase II ESA (soil/groundwater sampling) is appropriate to define the extent of contamination before deciding whether to proceed.
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