In Colorado, water rights are considered personal property. Like other property, they can be bought, sold, or passed down through inheritance. The value of these rights can fluctuate based on market conditions of supply and demand.

Surface water irrigation systems and conveyances are managed by ditch companies. These organizations play a crucial role in coordinating water use, ensuring proper upkeep, and maintaining efficient operations of these systems.

Property owners should be aware that ditch companies have legal access rights. This means they can enter your property to perform maintenance on the ditch and its banks, as well as carry out any operations deemed "reasonably necessary" for the ditch's function.