Environmental
In Rhode Island, which type of property is most likely to have underground storage tanks (USTs)?
ANew residential condominiums
BFormer gas stations, industrial facilities, and older commercial properties✓ Correct
CWaterfront vacation homes
DHistoric Newport mansions
Explanation
Former gas stations, industrial plants, and older commercial properties are most likely to have USTs, which may have leaked petroleum products into the soil. USTs are a key environmental due diligence concern for these properties.
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Key Terms to Know
Zoning
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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