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Updated over 8 years ago on . Most recent reply

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9
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Chris Ryan
  • Investor
  • Haddonfield, NJ
1
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9
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New Jersey- oil tank

Chris Ryan
  • Investor
  • Haddonfield, NJ
Posted
Hello BP folks, does anyone know if a website or research tool that will show whether a previously installed underground oil tank exists in a property? Thx.

Most Popular Reply

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69
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41
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Tim Pagano
  • Glen Ridge, NJ
41
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69
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Tim Pagano
  • Glen Ridge, NJ
Replied

@Kevin Hill is right, but I would forego the entire paperwork chase and wasting the time.  Just have any one of the Oil Tank Location companies sweep the property.  Particularly if the property is older many times there was no paper work ever done when converting from coal to oil.  There was no code etc.  It's better now but there used to be so many fly-by-night tank removal companies and they never did any paperwork.  It may cost a few bucks, but over time it will save you thousands.  All you need is one decommissioned tank found by a buyer and you could be on the hook for a costly removal.  

One thing you can do is look closely in the basement.  Many times I've found that the tank removal guys never hide the 2 - 3/8's inch copper pipe leading in from the tank or they do a poor job covering it up.  Look closely on the wall you may see something.  I've even found them popping up through the floor.  I would still do the tank sweep in any event.     

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