Yes, you should. And preferably, you should advocate on buying out that land and decide what to do with it. Otherwise you're free to sue the chemical plant for

Yes, you should. And preferably, you should advocate on buying out that land and decide what to do with it. Otherwise you're free to sue the chemical plant for any chemical smells and damages. So if I want to sell my house to an LLC - I'm not allowed. Therefore your claim is factually false. Making my ownership just non-existent.