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Exam term

Uncapped natural gas well

A natural gas well on real property that has not been capped. Under Real Property Law § 242, a seller with actual knowledge must inform the purchaser before entering the sale contract; this applies to any real property, not only residential.

Lessons that use this term

  • The Property Condition Disclosure Act and the uncapped natural gas well disclosure New York

Exam prep

  • Insurance
  • Real Estate
  • SAFE MLO
  • SIE

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