We are in the process of buying a house with 10 acres that has access to our pond. In fact we are buying the property to keep control of the access to the water, we already own the other 90 acres that surround the pond. We won't live there, we will have to rent it out to make the mortgage payments and eventually, sell or lease it to my parents or my in-laws. The seller wants fishing rights for life, and wants it to appear on the deed. The escrow agent had written up a fishing license that would be recorded with the deed, but the seller wants it on the deed and won't sign the deed otherwise. Won't including the fishing rights on the deed cloud the title? A realtor told us that such a privilege, if stated on the deed is worth money since we are paying him his full asking price. The money is not the issue, I just don't feel that the deed should not include such a restriction, and the privilege should run with the owner not with the land. Any suggestions out there?
Thanks in advance for any input you may have.
PS: this is in Kansas and we are scheduled to close on 6/30