Environmental
The NC Hazardous Waste Management Act regulates the generation, transportation, treatment, and disposal of hazardous wastes. Properties where hazardous waste was improperly managed may require:
AOnly a deed restriction disclosing the hazard
BRemediation to applicable state cleanup standards before certain uses are allowed✓ Correct
CTransfer to state ownership
DOnly an environmental disclosure to the buyer
Explanation
Properties contaminated with hazardous waste may require remediation to NC hazardous waste cleanup standards, especially before residential or sensitive land uses are permitted.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
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.
Transfer TaxA tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
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