As someone who is thinking of buying a property in Vancouver, you may or may not have heard of the issues related to the underground oil tank. The environmental aspect or the property value effects, you will be considered responsible for them both if it is found after the purchase. And the related cost of tank removal & abiding by the laws of environmental protection, it will have to be burdened on your shoulders & particularly, your pockets. Thus, if there is any suspicion of having an underground oil tank installed in the property you are buying for which even the seller is doubtful about, it would be best to make the deal subjective to a professional inspection & if required, services of oil tank removal in Vancouver to assure that the site is not contaminated in any sense.
The Seller’s Expense for UST removal
Also, you would certainly not feel pleased if the expense of a property inspection for oil tank is to be ordered from your side. So, you should make it a condition of the property deal that if an Underground Storage Tank is found to exist, the seller should arrange for the services of oil tank removal in Vancouver at his own cost & that too, from a well known & certified service provider. It should be clearly examined that the soil or the groundwater is free from any effects from the leaked oil as required by the B.C. Fire Code requirements. The professional employed should also produce to you, written certificates & report of the services given to avoid any future issues. A competitive property deal or a reduction in deal price should not be compromised with the clause of predetermined inspection of property for such defects of oil tank.
Financing Problems
If you are thinking of having your new property financed through a lender at a certain interest rate, you have to comply with the UST conditions as per laws because no lender is going to lend you the money for the property if there are no proofs that the buried oil tank is removed using services of oil tank removal in Vancouver & the reports are all justifiable for getting funds.
The Seller’s Expense for UST removal
Also, you would certainly not feel pleased if the expense of a property inspection for oil tank is to be ordered from your side. So, you should make it a condition of the property deal that if an Underground Storage Tank is found to exist, the seller should arrange for the services of oil tank removal in Vancouver at his own cost & that too, from a well known & certified service provider. It should be clearly examined that the soil or the groundwater is free from any effects from the leaked oil as required by the B.C. Fire Code requirements. The professional employed should also produce to you, written certificates & report of the services given to avoid any future issues. A competitive property deal or a reduction in deal price should not be compromised with the clause of predetermined inspection of property for such defects of oil tank.
Financing Problems
If you are thinking of having your new property financed through a lender at a certain interest rate, you have to comply with the UST conditions as per laws because no lender is going to lend you the money for the property if there are no proofs that the buried oil tank is removed using services of oil tank removal in Vancouver & the reports are all justifiable for getting funds.
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