Environmental
A Texas property with an old underground heating oil tank may require disclosure because:
AHeating oil is not regulated in Texas
BOld residential heating oil tanks may leak and contaminate soil and groundwater, creating liability✓ Correct
COnly commercial properties require UST disclosure
DTREC requires annual inspection of all underground tanks
Explanation
Even residential heating oil tanks (which may be exempt from TCEQ's UST program) can contaminate soil and groundwater if they leak. Known underground tanks are a material fact that should be disclosed, and buyers may want environmental testing.
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