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Underground Heating Oil Tanks

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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Natalie Wallach
Broker/Sales Associate
International President's Elite
#1 Top Producer 1987, 1991-1997, 1999-2013

90 Crane Road
Mountain Lakes, NJ 07046

Main Office:  973-263-0400
Cell:   973-214-3187
Eve#  973-335-4248
fax:     973-532-0203
Email: Nat77777@aol.com


Awarded 2011 Business Person of the Year by Montville Chamber of Commerce, Voted 2011 & 2013 Five Star Realtor by New Jersey Monthly & Top 1000 NRT Associate
NJAR Circle of Excellence, 2004, 2013 Platinum Level
NJAR Circle of Excellence, 2005-2015 Gold Level
#1 Salesperson 1989,91-97,99-14
#1 Sales Team 2015
2013 Top 1% in Coldwell Banker
2014 Excellence Award Winner

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