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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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THE SCHLUETER TEAM

Christian J. Schlueter
ABR, SFR, e-Pro, CDPE
Broker-Sales Associate
REALTOR®
Cell:  732-995-8249
Licensed in New Jersey

Sharon Schlueter
ABR, SRES
Broker-Sales Associate 
REALTOR®
Cell:  732-239-9969
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SFR
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David B. Schlueter 
SFR
Realtor-Associate®
Cell:  609-618-8937
Licensed in New Jersey


RE/MAX at Barnegat Bay
1130 Hooper Avenue, Toms River, NJ 08753
Office:  732-914-0074