Underground Storage Tanks and Purchasing Commercial Property

When purchasing commercial property, it’s important to consider not just what’s on the surface, but what’s found below. Underground storage tanks on the premises become your responsibility once you purchase the property, and if they are leaking, the onus is on you to deal with the leak. Before you purchase a commercial property, it’s important to take the following steps with regard to underground storage tanks.

Determine if there are USTs on the property

Even on properties that might not seem likely candidates for USTs, it’s entirely possible that there is a tank on site. A Phase I Environmental Site Assessment (ESA) is a useful tool for determining if there are any tanks on site, as well as a number of potential environmental obstacles.

Determine if the Tanks are leaking

Leakage may be uncovered during the Phase I ESA, especially if the tank is of a newer double-walled construction. Older single-walled tanks may pose more of a challenge. You will have to determine what was stored in the tank, when it was taken out of use, and if there is anything left in the tank. If water is found to be present in the tank, then it’s almost a guaranteed sign that there is a leak.

Moving Forward

If there is a leak, it’s likely that you will be obligated to clean it up. Statutory and EPA guidelines will be your guide in this situation. If the tank is old and no longer in you, you will be required to remove the tank. A tank distribution company can assist you with the proper removal of old underground storage tanks to ensure that no damage is done and that any contaminated soil is properly disposed of.

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As a distributor and installer, we know everything there is to know about the business, which allows us to offer the best quality tanks and proper installation services. Our dual role also makes our services more cost-efficient, and allows you to cut out the hassle of working with independent distributors and installers.

Our status as a national distributor for over 55 storage tank and related accessory manufacturers means we offer a wide variety of tank solutions that are guaranteed to fit your needs, and our emphasis on customer service makes us one of the leading distributors in the industry. We’re focused on providing the best products and services to the consumer in order to remain one of the industry leaders.

We strive for complete customer satisfaction, and with our 20 years of experience, we think you’ll notice the difference you get with us. Let Tanks Direct be your first choice for all of your tank and storage system needs. Contact us today at 800-865-5555, or info@tanksdirect.com. Also be sure to keep up with us on FacebookTwitterGoogle+, and LinkedIn.

Source

http://www.jdsupra.com/legalnews/mainebiz-real-estate-insider-beware-of-47960/

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