In Ground Oil Tank Nj

It is possible that the owner is aware of the oil tank and will disclose it to you as most real estate attorneys agree they should however it is also possible that the seller purchased the property unaware of an existing oil tank or is attempting to.

In ground oil tank nj.

Simple tank services has a flat rate for underground oil tank removal in new jersey. Getting an oil tank removed in nj. It is up to the buyer to negotiate this process properly. A few companies provide coverage for liability caused by above ground or underground oil tanks up to the homeowner s policy liability limits.

Please be aware that many companies have underwriting guidelines that may prohibit the writing of risks with oil tanks on the premises or based on the age of the tank. The state of new jersey considers underground oil tanks a problem. Purchasing a home with an underground oil tank is a significant risk. That s because when these tanks are old they may begin to rupture or leak.

Once you make a 50 deposit we will embark on securing all the permits required to perform an underground tank removal and have any underground pipes or powerlines marked to avoid interfering with any of your utility services during digging. 3 although an underground oil tank ust poses a serious environmental threat and financial liability homeowners with one on the premises are not obligated by law to remove it before selling. Over the last 40 years those leaks from buried oil tanks have caused damage to the environment. After filling out the online quote request a field representative will contact you and schedule a.

Oil tank sweep nj llc performs a majority of its oil tank sweeps for individuals involved in the sale of a home or property. Leakage from underground oil tanks can contaminate the groundwater as well as the land.