10 Frequently Asked Questions about NJ Commercial Oil Tanks
If you’re a commercial property owner in New Jersey (NJ), you may have a commercial oil tank on site that is no longer in use, causing a detriment to your property and the environment by sitting there unwanted.
Sometimes when older buildings were built, the oil tanks were in use for heating and energy purposes but are no longer useful. They can cost money to maintain and clean, and can wreak havoc on the environment around them should there ever be a leak.
In order to gain back control of you land, you need to have the oil tank removed. If you’re considering removing your oil tank, contact a certified NJ Commercial Oil Tank Removal service in order to guide you safely through the process of removing your oil tank from the ground.
Select an experienced and professional NJ oil tank removal company to assist you in the removal and the care of your under or above ground oil tank.
If you’re not sure whether or not you need your oil tank removed, consider the implications of keeping one on the property. Oil leaks are a possibility, and the removal of an oil tank is the best way to prevent this occurrence.
Property owners general have the following frequently asked questions about oil tanks:
Do they leak?
Most oil tanks don’t end up leaking, but there is always a slight risk.
What are the regulations involved with ownership?
There are no regulations that require you to remove an in service heating oil tank from your property in the state of NJ.
How do I test to know if it’s leaking?
Buyers of commercial properties are often concerned that an underground tank could be leaking. If you are concerned, you can confirm or deny a leak with soil testing around the tank.
If it’s leaking, what if I bought it that way?
Buying or selling a property where an oil tank was removed or filled does not provide legal evidence that it did not leak. In this situation, testing needs to be done for verification.
Am I totally responsible for fixing it?
In NJ, grants are available to reimburse homeowners for leaking oil tanks. Non-leaking tank grants are not available.
Can I get coverage in case it does leak?
When a tank does leak, many homeowner’s insurance policies provide coverage for the cleanup. Check with your homeowner’s insurance provider for verification on whether or not a cleanup would be covered.
What if I don’t qualify for insurance coverage in the event of a leak?
The New Jersey Economic Development Authority provides grants and loans to help tank leak cleanup in the event that there is no insurance coverage.
Can I still sell my property if it’s leaking?
Residential properties can be sold with a leaking tank, as long as the severity of the leak is determined, costs are developed to fix the leak and both buyer and seller can agree on responsibility.
How do I clean my tank to prevent leaks?
Tanks can be cleaned in the ground and filled in order to prevent leaks from non-use.
The only sure way to prevent a leak from an oil tank is to have it removed, eliminating the risk of any environmental or property damage in the surrounding areas. Oil tank leaks can cause severe amount of damage leading the incursion of financial costs and property development hurdles in the future.
T Slack Environmental Services is a certified NJ oil tank removal company that can assist you oil tank removal on you commercial properties. For more information on how we can assist you in your audit process, contact us.