Minnesota Shared Well Water Agreement
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How to fill out Shared Well Water Agreement?
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FAQ
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.
Well disclosure is the process by which the seller of property provides information to the buyer and the state about the location and status of all wells on the property. This process is required by state law, a portion of the Ground Water Protection Act (Minnesota Statutes, section 103I. 235).
A shared well agreement is a legal document that is used to create an agreement between two or more property owners who share access to a common well. This agreement outlines the rights and responsibilities of each party involved in the shared well.
Minnesota Disclosure laws require home sellers to disclose any major defects that could affect the home buyer's decision. The law states that the seller should provide a written disclosure to the buyer prior to signing a contract.
Recovery of real estate: 15 years (Minn. Stat. § 541.02) Slander: 2 years (Minn.
Minnesota Statute 1031.235 requires the seller of any property to provide information to the buyer and the State of Minnesota about the location and status of all wells on the property.
The law specifically notes that a seller who does not make a disclosure as stipulated in the statute and was aware of significant problems with the property is liable to the prospective buyer. The buyer has two years after closing to take any legal action.
