Property Rights Law
Real estate transactions in New Mexico are often intricate. Due to the unique history of the State of New Mexico, residential, agricultural and commercial property owners often find themselves in disputes over boundaries and water rights. Slate Stern Law has extensive experience representing property owners in northern New Mexico.
Before entering into any agreement to either purchase or sell property, contact Slate Stern Law to review the proposed contracts to protect your interests.
Slate Stern Law will help you navigate the following property rights concerns:
New Mexico considers water as its most precious and scarce resource. There are water rights in New Mexico dating back to the 1800’s. When buying land in New Mexico, it is critical to determine if the land you are buying has existing water rights included in the sale. Be aware that water rights can be sold with the property or separately. To break it down even further, water rights can be divided into surface water and/or groundwater.
Additional Property Rights Law Information
Most realtors, owners, and land managers know about the conveyance of title to property by deeds. However, there is another very important interest in land, which, while it does not include ownership or title to the land, gives important rights. This interest in land...