- Written by Vicki Kauffman
Ownership of land is a "bundle of rights." These include timber, mineral, hunting or fishing and water rights. An owner can separate and sell or give away each of the rights. Also, each of the rights can be separated and sold or given away as an easement. For example, a utility easement can be sold or given to a gas company for a gas line through a property. Such a utility easement would appear on the deed to the property and would remain with the property permanently even though the owner might subsequently sell the land.