Buying and Selling Water Properties
Buyers and sellers should have relevant surveys and titles thoroughly explained to them prior to execution of any binding purchase and sale documents. It’s an absolute necessity that there be an understanding of what is riparian and what is simply land with water on it. Documents must be prepared to effectively convey titles and other rights. In other words, property descriptions are extremely technical and, whether you are buyer or seller, you better get it right. It can be extremely costly if you don’t.