Environmental
Vermont's underground storage tank (UST) regulations are significant for real estate because:
AAll Vermont homes are required to have USTs
BOld fuel oil or gasoline USTs may have leaked, causing soil contamination requiring remediation✓ Correct
CUSTs increase property value
DUSTs are exempt from disclosure requirements
Explanation
Leaking underground storage tanks (fuel oil, gasoline) are a common source of soil and groundwater contamination in Vermont. Discovery during a transaction may require costly remediation and affect property value.
Related Vermont Environmental Questions
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- Which of the following Vermont properties is most likely to require an environmental site assessment before financing?
- An underground storage tank (UST) on a Vermont property that has leaked petroleum products creates:
- Vermont's Agency of Natural Resources oversees all of the following EXCEPT:
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