Shared Well Agreement for Car
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FAQ
It doesn't affect value. I ask for a copy of the water sharing agreement.
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.
Shared wells are a bad, bad idea. The only way a multiparty well works long term is for the parties to pay a monthly fee, based on usage. Funds are expended by the operator, preferably who is a third party.
A shared well agreement will list the percentage of water to be used as per alloted portion of land for the agreement. Water wells are registered in Arizona to document their existence and ownership.Each owner is to install their own water lines to the well when constructing their homes.
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.
