Property Ownership
In Montana, a 'timber deed' is used to:
AConvey fee simple ownership of forested land
BSeparately convey rights to harvest specified timber from a property without conveying the underlying land✓ Correct
CGrant a right-of-way for logging trucks
DEstablish a conservation easement on timberland
Explanation
A timber deed conveys the rights to specific standing timber (by species, size, or designation) on a property without conveying ownership of the land itself. The timber buyer must harvest within a specified time.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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