Environmental
A Vermont property seller who is aware of an old buried oil tank must:
ARemove it before listing the property
BDisclose its existence as a known material fact to prospective buyers✓ Correct
COnly disclose it if asked directly
DCover the cost of any future remediation in escrow
Explanation
Known buried oil tanks are material facts that must be disclosed by the seller. Failure to disclose known environmental conditions may constitute misrepresentation or fraud.
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