Buying Commercial Property · glossary
Moorland's report on removing the old oil tank and testing the soil around it, which found no contamination. It was addressed to Holmfield, so Fellgate and its bank rely on it through the reliance letter. Fellgate keeps the original for as long as it owns the building. Definition: Closure Report · Chapter 6 · see Reliance letter
Explained in Chapter 6, Searches, of Buying Commercial Property.
Moorland recorded the removal and the soil tests in a closure report. It found no contamination. The report was addressed to Holmfield, because Holmfield had engaged Moorland, and so on its own it spoke only to Holmfield.Read Chapter 6, Searches →
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the report dated 8 May 2026, addressed to the Seller, in which Moorland records the removal of the Tank and the testing of the soil around it;Read the definition in the document →
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