Environmental
Vermont real estate agents representing sellers of farm properties must be aware that some farms may have:
AFederal tax exemptions that transfer to the buyer
BAgricultural chemical residues, fuel oil tanks, and manure storage areas that may require environmental investigation✓ Correct
CAutomatic Act 250 exemptions
DState grants available only to the original owner
Explanation
Vermont farm properties may have environmental issues including agricultural chemical (herbicide, pesticide, fertilizer) residue in soil and water, underground fuel oil storage tanks for farm equipment, manure storage pits, and other features that can affect environmental conditions and require disclosure and investigation.
Related Vermont Environmental Questions
- Vermont's 'Act 250 Criterion 1' requires that development not:
- A Vermont seller is aware that a former dry-cleaning business operated on the property 20 years ago. This fact is material because:
- Asbestos is a concern in Vermont real estate when:
- Vermont's Mold Disclosure requirements for residential properties:
- Vermont's Act 250 Criterion 5 requires a development to:
- Vermont requires that new subdivisions and certain developments obtain a water and wastewater permit (Act 250 and/or state environmental requirements). This is primarily to ensure:
- Vermont's 'groundwater recharge area' designation restricts certain activities because:
- Vermont's 'radon testing' is particularly recommended for homes with:
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