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 the contamination of surrounding soil and ground water.

Leaks in underground oil tanks can be caused by rust inside the tank or by an electrical condition sparked by nearby electric utility lines.

Buyers should 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. Cleanups of any leaks will also have to be taken care of.

For buyers, correction of any underground heating oil tank ues should be written in the sales contract. Sellers your lawyer should make sure that the description and condition of the underground heating oil system is accurate and up-to-date. Speak with the NH EPA or a local heating oil company for options.