The sweep
A contractor uses metal detection around the house to look for a buried tank. Signs include fill or vent pipes and abandoned oil lines in the basement.
If one is found
Usual options are removal or abandonment-in-place with permits and soil sampling. If there’s a leak, remediation follows NJDEP rules. Your attorney will negotiate who pays.
Paperwork
Keep closure permits, soil reports and any No Further Action letter. Buyers and insurers will ask.
Want help with this? I’m Abdul Raheem, a New Jersey Realtor with Realty of America. Call or text 551-580-4635, or start a quick plan.
General information, not legal, tax or lending advice. Rules change; confirm with your attorney, tax professional or lender.