What are Water Rights?
Key points:
Water rights give landowners access to bodies of water adjacent to one's property.
Riparian rights are a type of water rights that give landowners access and usage of flowing bodies of waters like rivers and streams.
Littoral rights are a type of water rights that guarantee access to the lakes, seas, and oceans.
Water rights are regulated state-by-state and each municipality can enforce stricter provisions on water access and usage.
There are three main types of water rights - water allocations, water permits and water licenses…
The water right advisory process may include negotiating with the likes of the Department of Natural Resource, Mines and Energy or SunWater, to provide strategic advice relating to these assets.