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If a seller is unsure about the potential existence of an underground fuel storage tank, how should you advise them?

User EricC
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1 Answer

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Final answer:

To reassure a possible buyer when unsure about the existence of an underground fuel storage tank, the seller can conduct inspections, gather documentation, and offer warranties.

Step-by-step explanation:

When a seller is unsure about the potential existence of an underground fuel storage tank, they should take certain steps to reassure the buyer:

  1. Conducting an inspection: The seller should hire a professional to inspect the property thoroughly for any signs of underground fuel storage tanks. This inspection can involve using specialized equipment or techniques to detect buried tanks.
  2. Obtaining documentation: If the property has changed ownership in the past, the seller should try to gather any documentation related to the presence or removal of underground storage tanks. This could include permits, certificates, or reports.
  3. Providing warranties: To further reassure the buyer, the seller can offer a warranty that guarantees the absence of any underground fuel storage tanks. This would give the buyer some protection and recourse if a tank is discovered later on.

User Rhens
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