How do propane tanks work in regard to the closing? Who pays what based on what left over. Also, can it be pumped out for a credit? Thanks all!

Is the tank seller owned or leased? Fill up the tank and seller gets a credit or paid outside of closing by buyer.

There is quite a lot of local variation on how that is handled. In general, if the tank is owned by the seller and being transferred with the property, Pike's answer will prevail. Even if it is owned by the propane supplier but is a buried tank that would be a typical way of handling it (the buyer would probably rather continue with the same supplier than to have it dug up to be changed out). Free standing tanks owned by the supplier are sometimes handled that way but there are exceptions: 1) The supplier fills the tank and issues credit to the seller then, if the buyer opens an account with them, charges the buyer for the on site inventory (if not they pick up the tank). 2)The supplier picks up the tank, issues credit for the unused fuel to the seller, and the buyer makes their own arrangements for a supplier (sometimes even the same one).

Our contracts state that the buyer will pay for whatever fuel is in the fuel tank. The provider will answer that question for you.

Our contract states the opposite of bigtoe. If the tank is owned, whatever is left remains, much as a fixture. If it's rented, that needs to be disclosed upfront.

Here with a leased tank; the buyer can either pay at closing for the amount left in the tank (determined by propane company) OR the propane company will give a credit/refund to the seller and then charge the buyer for the balance at closing.

I had one close the other day where the buyers changed propane companies. So the new company set a tank the day of closing. The old company hauled the tank off and gave credit to the seller for the propane left in the tank.