Shared Ownership Agreement In Principle In Maricopa
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ENFORCING THE AGREEMENT In either instance, the parties should specify a process for resolving disputes and enforcing the terms of an Agreement when necessary. One option available to the parties of a Shared Well Agreement is to sue to enforce the Agreement.
Write the contract in six steps Start with a contract template. Open with the basic information. Describe in detail what you have agreed to. Include a description of how the contract will be ended. Write into the contract which laws apply and how disputes will be resolved. Include space for signatures.
➢ Beneficiary deeds are filed in the Maricopa County Recorder's Office.
A collaboration agreement should include the following key elements: The purpose of the collaboration, specifying the commercial project and its objectives. The roles and responsibilities of each party involved. The allocation of resources, such as financial contributions, personnel, and equipment.
Initially, shared wells may seem like a practical arrangement to reduce costs. However, discrepancies in water usage during droughts or dry seasons can strain relationships and lead to disagreements. Maintenance and upgrades become shared responsibilities, further complicating matters.
Well is Owned by Those Named on the Deed When a shared well site is situated on a parcel of land that is deeded and recorded in the appropriate Arizona county, the well is owned by the names listed on that deed.
A public water system is officially defined as having a least 15 connections or serve 25 persons or more and operate for more than 60 days of the year. There are many shared well systems operating in Arizona today that are serving fewer that 15 homes, but they have more than 25 people living full time served by them.
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.
“The waters of all sources, flowing in streams, canyons, ravines or other natural channels, or in definite underground channels, whether perennial or intermittent, flood, waste or surplus water, and of lakes, ponds and springs on the surface, belong to the public and are subject to appropriation and beneficial use.....
