There has been a recent local news story about a developer retaining mineral rights when they sold lots in a new subdivision. The lot purchasers claim they did not realize that the developer had retained these rights. This has become a major issue because of the increase interest in fracking for natural gas North Carolina. The State Attorney General has required the developer to return these rights to the people he sold the lots to. This reminds me that anyone who owns property needs to have some basic knowledge of property law.
More liberal property rights is one of the major reasons that our country was founded. The right to sell and own property with few government restrictions was not a right of citizens in many old world countries.This country has some of the most liberal property ownership laws in the world. Most anyone can own property, enjoy the use of their property in many ways and can sell property to whomever they wish or leave it to their children or other relatives.Yes, there are zoning restrictions on many pieces of land, but these restrictions are minimal compared to many other countries.