Oil Tanks & Real Estate

Why is it important to determine if an oil tank is present on the property in Lower Mainland or Fraser Valley before you buy or sell the property?

It is important to determine if an Oil Tank is buried, and hidden below the ground on a property in the Lower Mainland or Fraser Valley before buying or selling property for a few reasons:

• Significant costs if an Oil Tank has leaked: If an underground oil tank is leaking or has been improperly decommissioned, it can contaminate surrounding soils. Determining the presence of an oil tank before buying or selling the property can help to identify any potential
• Environmental concerns: Oil tanks that are no longer in use can also pose a risk to the environment if they leak or spill their contents. Determining the presence of an oil tank before buying or selling the property can help to identify any potential environmental concerns.
• Property value: An oil tank on a property may be seen as a liability by potential buyers or lenders. If an oil tank is present on the property, it may be necessary to remove it before the property can be sold or insured.
• Mortgage, Insurance or other Requirements: In some cases, it may be a legal requirement to remove an oil tank from a property if it is no longer in use.

Overall, determining the presence of an oil tank on a property before buying or selling it is important for liability, environmental, and financial reasons. At West Coast Tank Recovery, we can help to ensure oil tank issues do not come in the way of your real estate transaction and you are safe and protected as a buyer or a seller. Contact us today regarding any oil tank removal in Vancouver and anywhere in the Lower Mainland

*The above information is for educational purposes only and should not be considered legal advice and any questions or concerns regarding Oil Tanks and Real Estate should be forwarded to a legal professional*

We service the following areas:

• Oil Tank Removal in Vancouver
• Oil Tank Removal in North Vancouver
• Oil Tank Removal in Burnaby
• Oil Tank Removal in New Westminster
• Oil Tank Removal in Surrey
• Oil Tank Removal in Maple Ridge
• Oil Tank Removal in Coquitlam
• Oil Tank Removal in Port Coquitlam
• Oil Tank Removal Fraser Valley