boomboomroomroom
boomboomroomroom t1_j4irlfy wrote
In order for it to be considered decommissioned by the state, the seller should have a No Further Action Letter (NFA). Basically, this document proves that the tank was taken out of use and there are no contaminants in the soil. And if there was contamination, the NFA indicates that those contaminants were successfully remediated.
I used to work for the Department of Environmental Protection years ago and these oil tanks were always a huge hassle. And like everyone is saying, it wasn’t uncommon to see people spending $200-300k to remediate. That’s why when I looked for a house I was adamant with my realtor that I wouldn’t consider anything with an oil tank.
boomboomroomroom t1_j4jh7eu wrote
Reply to comment by cmetzjr in Buying a home with decommissioned oil tank? by littlelaws232
Tbh, especially with the underground tanks, I’ve never once heard of one that hasn’t leaked.