Environmental
A Pennsylvania buyer purchasing farmland should investigate which potential agricultural contamination issues?
ARadon and asbestos only
BPesticide/herbicide residues, nitrates from fertilizers, fuel storage for farm equipment, and animal waste lagoons✓ Correct
COnly EPA Superfund designation
DLead-based paint in farm buildings pre-1978
Explanation
Agricultural land due diligence in Pennsylvania should address: pesticide and herbicide applications (some persist in soil), fertilizer contamination of well water (nitrates), above and underground fuel storage tanks, manure storage and application areas, and any former industrial uses of the property.
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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.
State-Specific Concepts
DRE Regulation
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