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It doesn't affect value. I ask for a copy of the water sharing agreement.
Name and address of the supplying party. Name and address of the supplied party. Address of the property with the well. Legal description of the property (Parcel 1) Legal description of the Parcel 2. Conditions of the agreement.
An easement would give you, and any subsequent buyers, the right to have your well on the neighbor's property and to access the property in order to maintain the well. An easement can be created without the need to involve surveyors and the county.
The most common is each member pays $15-20 per month (or $180-240 per year) for the use of the water/basic maintenance.It's a great system because many wells produce more water than one home can possibly use. When a well is shared, it lowers the cost of use dramatically for everyone involved.
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.
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.
4: Get a Shared Well Agreement. Homeowners that share a groundwater well system usually have a shared well agreement. If no legal agreement is in place, get one. A shared well agreement should specify cost sharing for powering, maintaining and repairing the groundwater system.
Shared water system means a water system that serves, or is intended to serve, two living units or commercial structures units or a combination of both.Shared water system means a water system that serves, or is intended to serve, two living units or commercial structures units or a combination.
Homeowners that share a groundwater well system usually have a shared well agreement. If no legal agreement is in place, get one. A shared well agreement should specify cost sharing for powering, maintaining and repairing the groundwater system. In addition, the document should limit water use to domestic purposes.