
Don’t Be Undermined
Unless you’re buying a condo, you might just assume you’re getting everything within your new home’s property lines: ground, water, air.
Usually, you’d be right.
The builder or homeowner who sells you a home transfers rights to the property to you. If the seller is holding onto certain rights, this must be disclosed, following directions set forth in state law. But what if your seller is unaware of rights the original developer retained? Or maybe you’re living in a state where no one has to tell you anything about it.
Yes, it happens.
Continue reading “Will You Own the Mineral, Water, and Air Rights to Your New Home?”