Oklahoma Shared Well Water Agreement
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How to fill out Shared Well Water Agreement?
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FAQ
The definition of a Shared Well is a water well that provides water for home or irrigation use to two to several homes. In most cases, a shared water well that provides water to more than four homes would be categorized as a community well.
For rural homeowners the benefits of a shared well can include lower operating costs and access to plenty of clean high-quality drinking water. When done properly, lenders will provide mortgages on properties that share a well.
The definition of a Shared Well is a water well that provides water for home or irrigation use to two to several homes. In most cases, a shared water well that provides water to more than four homes would be categorized as a community well.
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.
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.
As long as the well has adequate water to service both properties and there is written agreement guaranteeing the water, then my experience is that it does not impact marketablity or value.
Yes, shared water wells are legal in Texas, but you need to be very careful here. ing to the TCEQ, the Texas Commission on Environmental Quality, a shared water well can service up to 25 people or 15 service connections.
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.
