Shared Well Agreement Example For Mortgage
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FAQ
Groundwater in Texas is governed by the legal doctrine known as the Rule of Capture. The Rule of Capture essentially provides that because a landowner also owns the water beneath his property, the landowner has the right to pump as much water as he wishes even at the expense of his neighbor.
The maximum water use at any given time may not exceed 45% of the most recently determined well maximum flow rate in gallons per minute.
Yes, shared water wells are legal in Texas, but you need to be very careful here.
In many rural areas, it is common to find one or more homeowners sharing a single well system. Modern wells allow access to groundwater, supplying water to 23 million households nationwide.
Well share agreements are private contracts executed by private parties to govern the manner in which a well provides water to multiple properties. While Arizona water law governs how a well is to be drilled and located, it does not govern the operation or management of a well share agreement.