Is there a hidden or undisclosed problem with hazardous contamination on the property you are buying?
If you are buying a property and there is one of these monitoring wells, you may have a serious and invisible problem with the property.
They are most often found in commercial properties that have had a business that used chemicals in the course of manufacturing, repairing equipment or selling a chemical/ hazardous product. As a buyer you should investigate if there was an industrial, automotive or a dry cleaning business on a property, or on a property adjacent to the test hole.
These caps are covers where monitoring wells have been installed due to a hazardous chemical in ground contamination. They are installed to determine if chemicals are leeching into or out of your property. As a buyer you need to do due diligence to determine if you will or would be held liable for toxic/ hazmat clean up if the well is contaminated or a future test determines that there is a hazardous toxin on the property. There should be a history of test records on file and paperwork that assigns liability, which is a legal issue that should be addressed by a qualified attorney.
“Hazmat clean up can run into millions of dollars”.