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Nebeker Ranch Carry Over Water Rights

The seller owns property within the Antelope Valley Groundwater Basin and desired to monetize excess water rights.

01 The Opportunity

The seller owns property within the Antelope Valley Groundwater Basin and desired to monetize excess water rights. The recently approved adjudication of the groundwater basin established a Water Master Board to implement the terms of the water rights provisions of the adjudication, including transfers between pumpers. However, to date, no transfers of unused, “carry over” water rights had been completed.

02 The Results

The team identified a pumper who operates a nursery business and had recently learned that they were not allocated any water rights through the adjudication process. Because of this, they had to cease pumping groundwater from their wells until they could acquire water rights and legally restart pumping. The team was able to successfully negotiate the first transfer between private parties approved by the Water Master Board which will provide an approximate three-year supply of water to the buyer.

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Difference between rights over leasehold asset and leasehold rights

In the world of real estate investment and business, maximizing land utilization is key to generating worthwhile returns. Currently, two interesting legal tools allow landowners and investors to access and utilize land more flexibly and diversely: Rights over leasehold asset and Leasehold Rights.
10/3/2024
Matt Davis, San Diego, Senior Director
Matt Davis

Managing Director
San Diego, United States

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