Welcome or Register
Back to Table of Contents

Underground Heating Oil Tanks

Underground heating oil tanks can pose many potential problems to both home buyers and sellers. They have been the source of many environmental problems such as contamination of surrounding soil and ground water.

Leaks are generally caused by the rust inside underground tanks or by an electrical condition sparked by electric utility lines.

Buyers should always have the tank inspected to make sure that it is structurally sound. Buyers who do not want an underground fuel tank can arrange for an above ground tank to be installed in the basement and the underground tank to be shut off. Cleanup of any leaks will also have to be taken care of.

For buyers, the underground heating oil tank should be written in the sales contract. For sellers, your lawyer should make sure that the description and condition of the underground heating oil tank is accurate and up-to-date.

Back to Table of Contents
agent photo
Lon M. Saude
Broker Associate
RE/MAX Lakes Area Realty
217 N. Nokomis 
Alexandria, MN.  56308
Mobile / Text: (320) 815-5000
Toll Free Fax: (800) 878-8466
Office Direct:  (320) 762-7117
E-Mail:   Lon@SoldByLon.com
Website: www.SoldByLon.com
License # 20042225


 

Contact Me





* fields are required

Copyright 2018 © Lon M Saude All Rights Reserved

‚Äč
Re/Max_Lakes_Area_Realty_Logo

Each Office Independently Owned and Operated.

 

Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu