This bill amends existing property law in Wyoming to require sellers of vacant land to provide prospective buyers with a property disclosure statement that includes information about the ownership of pore space. Specifically, it adds a new requirement for sellers to disclose whether the ownership interest in the pore space has been severed from the surface ownership. Additionally, the bill modifies the existing law regarding the conveyance of surface ownership, mandating that all conveyances include notice of whether the pore space ownership is included in the transaction.

The bill also clarifies that unless explicitly excluded, the conveyance of surface ownership includes the pore space beneath it, unless that ownership has been previously severed. This legislation is set to take effect on July 1, 2025, and aims to enhance transparency in real estate transactions by ensuring that buyers are informed about the status of pore space ownership.

Statutes affected:
Introduced: 34-1-151, 34-1-152