These tank search inspections protect you from liabilities and hazards that can arise from exposure to toxic substances that may seep from these tanks. Improperly abandoned underground oil tanks are a financial liability and health hazard.
An oil tank sweep is like a home inspection but is specific to one thing, finding an “undisclosed” buried oil tank. Tank sweeps are becoming more common in the real estate sales process. Today both sellers and buyers are having tank sweeps performed due to the large concern over leaking tanks.
Is an oil tank sweep necessary in NJ?
So, anytime you’re buying a home in New Jersey on a piece of land, which is wholly owned by you, and therefore, wholly your responsibility (this excludes condos, co-ops and some townhomes), you should get a tank sweep. And this is true even if: the home was newly constructed or constructed recently.