Property Ownership
A New Mexico property owner who sells mineral rights but retains the surface rights has performed a:
APartition of the property
BSeverance of the mineral estate from the surface estate✓ Correct
CTransfer of easement rights
DConveyance of a life estate
Explanation
Severing mineral rights means separating the ownership of subsurface minerals from surface ownership. In New Mexico, mineral rights can be conveyed independently, and many ranch properties have severed mineral estates.
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