Plain English Breakdown
The bill text does not provide details on enforcement mechanisms for non-compliance.
Notice for Real Property Pore Space
The bill requires sellers to inform buyers if the pore space beneath real property has been separated from surface ownership when selling land.
What This Bill Does
- Adds a requirement that sellers must tell potential buyers if the pore space beneath the land is separate from the surface rights when selling vacant land.
- Requires all conveyances of real property to include information about whether the pore space is included or excluded in the sale.
Who It Names or Affects
- Sellers and buyers of real property in Wyoming
Terms To Know
- Pore Space
- The empty spaces within soil or rock that can hold fluids like water or gas.
- Surface Ownership
- Ownership of the land above ground, including buildings and structures on it.
Limits and Unknowns
- The bill does not specify what happens if a seller fails to provide this information.
- It is unclear how existing property sales will be affected by these new requirements.
- The bill was marked as inactive in the current session, meaning it did not pass.