It is critical that the parties pay close attention to the Water Rights Review Deadline during the Contract phase. It is very important to consult an attorney who understands the implications of these Contract changes and their potential impact on your water rights.
This article is a brief primer on some things that Buyers and Sellers should consider for a transaction involving water rights.
Buyer and seller are under contract. After the contract is formed and before the contract closes, the market value of the property increases dramatically. Before a due diligence contingency of the deal expires, the buyer seeks an extension of the contingency. Does a transaction-broker have a duty to disclose to the seller that the … Continue Reading
It is rare for the residential REALTOR® ever to encounter water rights, and for that reason it is even more rare to encounter a residential REALTOR® who understands water rights law. On that rare occasion, however, proceeding with the transaction without the advice of a water lawyer can be unnecessarily risky. The problem is, how … Continue Reading