A NC buyer discovers the property has an underground storage tank (UST) that was previously used for heating oil. The buyer should:
Why Request an environmental assessment, as leaking USTs can cause soil and groundwater contamination Is Correct
Answer B: Request an environmental assessment, as leaking USTs can cause soil and groundwater contamination
Exam Tip: Environmental
Environmental questions test knowledge of hazards like asbestos, lead-based paint, radon, and mold. Know the disclosure requirements and when a professional inspection is required. CERCLA liability is strict, joint, and several.
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- Underground storage tanks (USTs) containing petroleum products are regulated in NC primarily to prevent:Environmental
- Underground Storage Tanks (USTs) are a concern in commercial real estate transactions because:Environmental
- A NC property owner who discovers oil contamination from an old underground storage tank on their property should first:Environmental
- A Phase I Environmental Site Assessment (ESA) in North Carolina:Environmental
Key Terms to Know
Local 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.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
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