Legal Question in Environmental Law in New Jersey

Re: Underground Oil Tank

Decommissioning underground oil tanks is a regulatory matter and the requirements tend to change more quickly than statutory law. To get your answer, you will have to check with both the State and local officials. You should know, however, that if the tank is not properly decommissioned (regardless of whether decommissioning is required), the property will probably become impossible to sell. All well-drafted contracts for land that has been occupied contain a warranty that there are no underground fuel oil storage tanks. That warranty usually survives the closing which means that the seller continues to be liable for any pollution.

See also: http://info.corbettlaw.net/lawguru.htm