I am considering purchasing property with ongoing remediation, and under the purchase agreement it is agreed that I will be continuing the clean-up. How do I get reimbursed?
The original tank owner, the one to whom the eligibility was granted, retains the responsibility for the remediation activities and costs. However, if both parties agree that the purchaser will pay for the corrective actions costs, a Direct Pay Agreement can be executed and any reimbursement of eligible corrective action costs will be made directly to the purchaser.
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