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By definition, a shared well is a well that services more than one home whether its for residential or irrigation purposes. They can service up to two or more homes, and if there were more than four, then it would be classified as a community well.
Even a 1 GPM well can supply 3 homes if you have enough storage tanks. A 10 GPM well can supply 2 homes with very little pressure tank storage. See how much the well will make in GPM on a 24 hour basis and you will know what you need. Size of pump and depth of well, and do a well and pump test.
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.
Because shared wells serve two to four households, the rate of wear they experience will be much greater, resulting in the need for more frequent repairs and maintenance. Homeowners who share the benefits of the well should also share in the cost to fix it, maintain it, or replace it.
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. When installed and maintained properly, wells can provide safe, affordable water for many years.