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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.

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Pam Bates, Executive Broker
Southern Realty of Hot Springs, Inc
Hot Springs, AR 71901

501-321-2025
Email Me

Travis Brown, Principal Broker
501-617-1319
Email Me

 

Southern Realty of Hot Springs, Inc.
1603 Central Ave
Hot Springs, AR 71901
501-321-2025 office
501-321-2884 fax


Pamela Bates
Executive Broker, REALTOR®

EB00044089
501-321-2025
southernrealtyhs@att.net


Travis Brown
Principal Broker, REALTOR®

PB00058433
501-617-1319
tlbrown6657@yahoo.com

 

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