Whether buying a single-family or multi-family home, the prospective homeowner
must carefully review the property and perform the necessary due diligence
before buying to ensure there are no buried and leaking underground oil tanks
on the property. A buried and leaking underground oil tank brings with it immense liability
and very often a large cleanup bill for the homeowner. Homeowners are
responsible for leaking oil tanks on their property, and the Navigation Law, §
181(1), imposes strict liability ( |
