Real property ownership comprises a group of rights, sometimes referred
to by lawyers as the “bundle of sticks” theory. This means that
property owners can retain the entire bundle of rights together, or they
can separate out some of the rights and sell, lease, gift, or otherwise
convey those rights to others. Among the bundle of sticks is the right
to use the surface of the land and the right to own and use the
minerals underneath the surface of the land. This ability to separate
the minerals and related mineral rights from ownership of the surface
causes confusion for many Wisconsin landowners; do I own these minerals
or not?... ...more RSK: Good question. One of our RE CE instructors from Reinhart, Maya, explains. | ||
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