Q: Looking to purchase land that has an old industrial dump and an old mine. Am I responsible for future problems ?
Or is original company that put the dump on the property still responsible? And what if they are no longer in existence? Just want it for grazing land for horses. It is being monitored by DEP. dump is closed and inactive and covered.
You are technically responsible for what is on (and under) your land. So.....if leachate comes out and poisons drinking water, it is possible you could be liable.
When companies site dumps they have to provide insurance. However if this was long ago, that is unlikely to have happened. I'd stay away. Lease grazing rights.
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