Question: Is this correct? If not, please help QUESTION 5 The company you work for, Cow Country Corporation (CCC), is selling half of its land to
Is this correct? If not, please help

QUESTION 5 The company you work for, Cow Country Corporation (CCC), is selling half of its land to the Double R Ranch. Unfortunately, the only water source, which is a reservoir, is on the land that CCC is selling. Your boss wants to be able to keep the right to go onto the land that CCC is selling to Double R Ranch in order to remove a limited amount of water per day from the rescrvoir. What is the best way to do this? 1.Establish a leasehold estate when CCC sells the property to Double R Ranch. 2Create a license as part of the sales transaction to Double R Ranch. 03. Establish a profit on the property in the deed that is used to convey the land to Double R Ranch 4- Establish a tenancy at sufferance on the property in the deed that is used to convey the land to Double R Ranch
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
