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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8520 - 100th Avenue
Canadian Lakes, MI 49346
Phone: 231-972-8300
Toll-Free: 800-700-8502
Email Lakes Realty
Real Estate Services in Isabella, Mecosta, Montcalm, Newaygo and Osceola Counties.
Specializing in the areas of Canadian Lakes, Blue Lake, Lake Mecosta, Round Lake, Tri Lakes, School Section Lake, Horsehead Lake, Chippewa Lake, Tubbs Lake, Martiny Lakes and the Muskegon River area.
Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Smoyle Inc. DBA/Coldwell Banker Lakes Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.