Plain English Breakdown
The official source material does not provide specific details on how existing property sales before July 1, 2025 will be affected by these new requirements.
Notice for Real Property Pore Space
The bill requires sellers of real property to inform buyers if the pore space beneath the land has been separated from surface ownership and must be included in any sale documents.
What This Bill Does
- Requires sellers to tell buyers if the pore space under the land is separate from the surface rights when selling vacant land.
- Adds a requirement for real property sales contracts to include information about whether the pore space is part of the sale or not.
Who It Names or Affects
- People buying and selling vacant land in Wyoming.
Terms To Know
- Pore Space
- The empty space within soil or rock that can hold air, water, or other fluids.
- Surface Ownership
- Ownership of the land above ground level.
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 before July 1, 2025 will be affected by these new requirements.
- The bill was marked as inactive and did not pass in the current session.