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Federal epa regulations pertaining to underground storage tanks 40 cfr part 280 40 cfr part 281 and 40 cfr parts 282 50 282 105 applicability and summary of regulated underground storage tanks in new jersey posted 4 dec 2012 srp ust resources.
Buried oil tanks 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. Have an oil tank sweep performed to clear your property. The new jersey department of environmental protection njdep has proposed new rules regarding underground heating oil tanks. When it comes to the presence of an underground oil tank you can t necessarily be sure of it when purchasing real estate in new jersey.
The standards laws and. Leakage from underground oil tanks can contaminate the groundwater as well as the land. Many homebuyers refuse to purchase homes with buried oil tanks until those tanks are removed. That s because when these tanks are old they may begin to rupture or leak.
Whether you are a homeowner buyer seller or real estate agent the new proposed rule changes regarding heating oil tanks apply to you. Basic advice for home buyers and home owners where a buried oil tank is or was installed. This article explains residential and light commercial buried oil tanks or other buried heating fuel tanks. Environmental concerns defects inspection.
The state of new jersey considers underground oil tanks a problem.
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