Vermont Shared Well Agreement for Car
Description
How to fill out Shared Well Agreement For Car?
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FAQ
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.
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.
It's important to have a solid agreement in place between all parties in order to guarantee conflict-free operation and outline legal responsibilities for each member household. With cooperation and shared responsibilities, owning a home with a shared well can be beneficial.
Elements in a Shared Well Agreement o must be capable of providing at least three gallons per minute for existing wells and five gallons per minute for new construction over a continuous four-hour period.
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.