Environmental
A NH buyer should be concerned about nitrate contamination in a private well on a property that was previously a:
ASki resort
BDairy farm with a large cattle operation✓ Correct
CWoodworking shop
DRetail clothing store
Explanation
Agricultural operations with livestock generate significant nitrogen from manure, which can leach into groundwater as nitrates. Properties on or near former dairy or livestock farms are at risk for nitrate contamination in private wells.
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Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
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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