Property Ownership
In Wyoming, ranch land is often held subject to BLM grazing permits. These permits are:
AA form of real property ownership that transfers automatically with the land
BA federal license that may be appurtenant to the ranch but is not a vested property right✓ Correct
CGuaranteed by the federal government regardless of range conditions
DTransferable without federal approval
Explanation
BLM grazing permits are federal licenses to graze livestock on BLM land. They are not guaranteed property rights but are typically associated with a base ranch and may be transferred with the ranch sale, subject to BLM approval and range conditions.
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Key Terms to Know
Easement
A non-possessory right to use another person's land for a specific purpose.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
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