What kind of risks are USTs typically associated with?

USTs, or Underground Storage Tanks, are primarily associated with environmental contamination risks. These tanks are often used to store hazardous substances, such as petroleum products or other chemicals, deep underground. If a UST leaks, it can lead to soil and groundwater contamination, posing significant risks to the environment and public health.

This is why the knowledge surrounding USTs is critical for real estate professionals, particularly when evaluating properties that may have such storage systems. Understanding the potential for environmental contamination allows for better decision-making in property transactions and ensuring compliance with local and federal regulations concerning environmental protection.

While financial, construction, and market risks are all important considerations in real estate transactions, they are not specifically tied to USTs in the same direct way that environmental risks are. Therefore, recognizing the primary focus on contamination is crucial for anyone involved in real estate in relation to properties with USTs.