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In an era where access to clean, reliable water is increasingly becoming a shared responsibility, the Shared Well Agreement form emerges as a critical legal document that underscores the importance of clear, mutual understanding between parties relying on a single water source. By meticulously outlining the rights and obligations of the supplying and supplied parties—who are typically neighboring property owners—this agreement ensures a structured framework for the usage, maintenance, and financial responsibilities tied to the well and its associated water distribution system. At its core, the agreement not only grants these parties the right to draw water from the well for domestic use (explicitly excluding certain uses such as filling swimming pools) but also delineates the proportional share of costs related to operation, maintenance, and necessary repairs or replacements. Furthermore, the agreement takes into consideration the need for emergency actions, the establishment of easements for construction and maintenance purposes, and the process for dispute resolution through binding arbitration, thereby safeguarding the continuous flow of water to all properties connected to the system. A thoughtful inclusion of provisions—ranging from the quality analysis of water suited for human consumption to the perpetual term of the agreement, subject to certain conditions—reflects the comprehensive approach taken to mitigate the potential risks and uncertainties that can arise from shared water resources. As such, the Shared Well Agreement form plays an indispensable role in not only facilitating access to an essential resource but also in preventing conflicts and promoting harmony among users.

Form Preview Example

Shared Well Water Agreement

This Agreement, made and entered into this ____day of __________ by and between

_____________________________, who resides at _____________________________

_____________________________ (street address, city, county, state, zip code), hereinafter

referred to as the "supplying party," and _____________________________, who resides at

__________________________________________________________ (street address, city,

county, state, zip code), hereafter referred to as the "supplied party:”

WHEREAS, the supplying party is the owner of property located at

__________________________________________________________ (street address, city,

county, state, zip code), which property is hereafter referred to as “Parcel 1” and is more fully described as follows:

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

(Put Legal Description of Property Here)

WHEREAS, the supplied party is the owner of property located at

__________________________________________________________ (street address, city,

county, state, zip code), which property is hereafter referred to as “Parcel 2” and is more fully described as follows:

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

(Put Legal Description of Property Here)

WHEREAS, the undersigned parties deem it necessary to provide a well system to service the parcels described herein, and an Agreement has been reached relative to supplying water from the well and sharing the cost of supplying said water; and

WHEREAS, there is located a well upon the above described property of supplying party; together with water distribution facilities, hereinafter referred to as "water distribution system", for the purpose of supplying water to all properties connected to the said water distribution system; and

WHEREAS, it is the intention and purpose of the undersigned parties that the well and water distribution system shall be used and operated to provide an adequate supply of water for each of the properties connected thereto, for the domestic consumption of the occupants of said properties, and to assure the continuous and satisfactory operation and maintenance of the well and water

distribution system for the benefit of the present and future owners, their heirs, successors and assigns of the properties connected thereto; and

WHEREAS, the said well is deemed by the parties hereto to be of adequate capacity to supply a single family dwelling on each of the parcels described herein with water from the well for all domestic uses of a single family residing therein; and

WHEREAS, the water from the well has undergone a water quality analysis from the State of

___________ health authority and has been determined by the authority to supply safe for human

consumption; and

WHEREAS, the parties hereto desire to enter this Agreement for the purpose of reducing to writing their respective rights and obligations pertaining to said well and water distribution system.

NOW THEREFORE, in consideration of the promises and covenants herein contained, it is agreed that the well and water distribution system situated on Parcel 1 shall be used by the parties to this Agreement, as well as by all future owners and occupants of said Parcels 1 and 2, upon the following terms and conditions:

1.That until this Agreement is terminated, as hereinafter provided, the parties hereto (and their heirs, successors and assigns, for the exclusive benefit of the respective parcels of said real estate, and for the exclusive use of the households residing thereon), are hereby granted the right in common with the other parties to this Agreement, to draw water from the well located on Parcel 1 for domestic use excluding the right to draw water to fill swimming pools of any type.

2.That the owners or residents of the dwellings located on Parcels 2, as of the date of this Agreement shall:

a.Pay or cause to be paid to the supplying party, an annual fee for this use of the well and water distribution system in the amount of $_____________ on or before the 15th of January each year, with the exception of this year whereby the amount shall be $____________ and paid on the execution of this Agreement.

b.Pay or cause to be paid promptly, a proportionate share of all expenses for the operation and maintenance of the well and water distribution system that may become necessary. Each respective share shall be determined by dividing the amount of each expense by two, it being understood that the supplying party and the supplied party shall pay an amount equal to one half of the total of such necessary repair or replacement. Shared expenses include the cost of electricity for pumping, repairs and maintenance on said well and water distribution system.

3.That the cost of any removal or replacement of pre-existing site improvements on an individual

parcel necessary for system operation, maintenance, replacement, improvements, inspection or testing, damaged as a result of repair of the well or water distribution system maintenance will be borne by the owner of the affected parcel, except that costs to remove and replace common boundary fencing or walls damaged as a result of repair shall be shared equally between or among parties so damaged.

4.That each of the parties hereby agrees that they will promptly repair, maintain and replace all water pipes or mains serving their respective dwellings.

5.That the consent of all parties to pay a proportionate share of costs shall be obtained prior to embarking upon expenditures for system maintenance, replacement or improvement, except in emergency situations.

6.That the supplied party shall pay to the supplying party his proportionate share for the cost of energy for the operation of the pumping equipment. This cost shall be determined by a separate meter upon each dwelling and for each parcel.

7.That it is the agreement of the parties hereto that the payment for energy cost shall be made not later than the _________day of each succeeding month during the term of this Agreement. In the event that any such payment remains unpaid for a period of ____days, the supplying party may terminate the supply of water to the supplied party until all arrearages in payment are received by the supplying party.

8.That each of the parties to this Agreement does hereby grant to the other, his heirs, successors and assigns, such easements over, across and through the respective parcels as shall be reasonably necessary for the construction of the well, maintenance of water pipes, pumping equipment, mains, electrical wiring and conduit consistent with the purposes of this Agreement. These easements are described below, to wit:

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

(Describe easements, if any)

10.That no party may install landscaping or improvements that will impair the use of said easements.

11.That each party shall have the right to act to correct an emergency situation and shall have access to the pertinent parcel in the absence of the other. An emergency situation shall be defined as

the failure of any shared portion of the system to deliver water upon demand.

12.That only those parcels of real estate hereinabove described and the dwellings located thereon shall be permitted to receive water from said well and pumping equipment; and each of the parties hereto does hereby covenant and agree that he/she will not allow or permit other persons, other than household guests, to take, draw, use or receive water from the well, nor permit other persons to connect to the pipes or mains serving his/her respective parcel.

13.That in the event the referenced well shall become contaminated and shall no longer supply

water suitable for domestic consumption, or shall no longer supply water adequate for the needs of all relevant parties, or in the event that another source of water shall become available to the respective parcels, then the rights and obligations of the parties created by this Agreement shall cease and terminate in accordance with the terms and conditions hereinafter described.

14.That upon the availability of such other source of water, it is contemplated that a reasonable time shall be allowed to effectuate the necessary connections to the new source.

15.That the respective rights and obligations of the parties shall continue until the parties who wish to terminate their participation in the Well Agreement have executed and filed a written statement of termination at the _____________________________ (office where deeds in your state are recorded) of the County of ____________ and the state of ____________________. Upon termination of participation in this Agreement, the owner and occupant of each residence which is terminated from the Agreement shall have no further right to the use of the well. The terminated parties shall disconnect their respective lateral connection from said well system and shall have no further obligation to pay or collect for maintenance and related expenses incurred thereafter. The costs of disconnection from the well and water system shall be borne by the owner of the pertinent parcel.

19.That the term of this Agreement shall be perpetual, except as herein limited.

20.That the benefits and burdens of this Agreement shall constitute a covenant running with the parcels of land herein described and shall be binding upon the heirs, successors in title and assigns of the parties hereto.

21. Any dispute under this Agreement shall be required to be resolved by binding arbitration

of

the parties hereto. If the parties cannot agree on an arbitrator, each party shall select one

 

arbitrator and both arbitrators shall then select a third. The third arbitrator so selected shall

 

arbitrate said dispute. The arbitration shall be governed by the rules of the American

 

Arbitration Association then in force and effect.

 

Witness our signatures this the ____ day of __________, 20____.

 

__________________________________________________

(Acknowledgment before a notary public, the form of which will vary by state)

File Characteristics

Fact Name Description
Parties Involved Identifies the "supplying party" who owns the well and the "supplied party" who is being granted access to the water from the well.
Well and Water Distribution System Usage Clarifies that the well and water distribution system on Parcel 1 will be used by both parties as well as future owners and occupants of the parcels, under specific terms and conditions outlined in the agreement.
Cost Sharing Details how costs for the maintenance, operation, and necessary repairs of the well and water distribution system will be divided between the parties, including the sharing of expenses related to electricity for pumping and repairs.
Property Improvements and Easements Addresses how improvements or damage to individual parcels affecting the system operation or maintenance will be handled, and grants easements necessary for the construction and maintenance of the well and system.
Governing Law and Dispute Resolution States that any disputes under this Agreement will be resolved through binding arbitration according to the rules of the American Arbitration Association, making it clear how conflicts will be managed.

Steps to Writing Shared Well Agreement

Filling out a Shared Well Agreement form is a crucial step for parties sharing a well to ensure a clear understanding and arrangement concerning the water supply and the associated costs. This agreement solidifies the relationship between the supplying and supplied parties by laying out the rights, responsibilities, and expectations in a formal, legally binding document. Following a step-by-step guide can help streamline the process, ensuring all necessary details are accurately captured, and the agreement effectively reflects the parties' intentions.

  1. Enter the date of the agreement execution in the space provided at the beginning of the document.
  2. Fill in the full names and addresses of both the supplying and supplied parties where indicated.
  3. For both Parcel 1 and Parcel 2, input the street address, city, county, state, and zip code of the properties involved.
  4. Provide a complete legal description of Parcel 1 (supplying party’s property) and Parcel 2 (supplied party’s property) as required.
  5. Read through the recitals ("WHEREAS" clauses) that outline the premises of the agreement, ensuring understanding of each party's obligations and the purpose of the agreement.
  6. In the section following "NOW THEREFORE," carefully review the terms and conditions, which outline the rights to draw water, payment responsibilities, maintenance obligations, and other pertinent details. Ensure these terms align with the pre-discussions between both parties.
  7. Under the terms and conditions, fill in any blank spaces with the appropriate figures or information, such as:
    • The annual fee amount for the use of the well and water system.
    • Payment due dates for the annual fee and any cost-sharing expenses.
    • Specific days by which payments must be made to avoid service termination.
    • Description of the easements granted to each party for the maintenance of water pipes, pumping equipment, and other infrastructure necessary for the operation of the well and water distribution system.
  8. Read and understand the emergency provisions, rights for disconnection and termination of the agreement, and how rights and obligations can cease under various conditions.
  9. Review the perpetual term of the agreement and how disputes should be resolved, preferably through binding arbitration as outlined.
  10. Both parties should sign the agreement on the designated line provided at the bottom of the form.
  11. The document must be acknowledged before a notary public, with the form of acknowledgment varying by state. Ensure this step is completed to formalize the authenticity of the signatures and the agreement.

Remember, a Shared Well Agreement is a legally binding document. Both parties should thoroughly review every section and clause before signing to understand their commitments fully. This agreement not only facilitates a smoother operation and maintenance of the shared well but also helps in avoiding potential conflicts by setting clear expectations from the outset.

Important Details about Shared Well Agreement

What is a Shared Well Agreement?

A Shared Well Agreement is a legally binding document between two or more property owners who share a single water well. This agreement outlines the rights, responsibilities, and obligations of each party regarding the use, maintenance, and costs associated with the shared well and water distribution system. It aims to ensure an adequate supply of water for domestic consumption, clarify financial responsibilities, and establish protocols for maintenance and emergency scenarios.

Who needs a Shared Well Agreement?

Property owners who rely on a shared water well for their domestic water supply need a Shared Well Agreement. This typically occurs in rural or semi-rural areas where municipal water services are not available. It's essential for property owners who share a well to have clear guidelines and rules for its use and upkeep, ensuring all parties have reliable access to safe drinking water.

What are the key components of a Shared Well Agreement?

The Shared Well Agreement includes several critical components: a description of the properties involved, terms of water usage, maintenance responsibilities, cost-sharing arrangements for operational and maintenance expenses, procedures for handling emergency repairs, and guidelines for adding new parties or terminating the agreement. It also establishes easements for access to the well and infrastructure and often outlines dispute resolution methods, such as arbitration.

How does the cost-sharing work in a Shared Well Agreement?

Cost-sharing in a Shared Well Agreement typically involves dividing the expenses associated with the well's operation, maintenance, and repair equally among all parties. This includes electricity for pumping water, repairs to the well or water distribution system, and any necessary replacements. The agreement usually specifies payment schedules and outlines procedures for handling overdue payments to avoid disruptions in water supply.

What happens if the well becomes contaminated or unable to meet the water needs of all parties?

If the shared well becomes contaminated or is no longer able to supply adequate water for all parties, the agreement details steps for resolution. This may involve seeking an alternative water source, at which point the rights and obligations under the Shared Well Agreement would cease. The parties may allow a reasonable time to connect to the new source. In such cases, the agreement provides for the termination of participation and outlines the responsibilities for disconnecting from the system and bearing the associated costs.

Common mistakes

One common mistake people make when filling out a Shared Well Agreement form is not providing a complete and correct legal description of the property. The form requires detailed descriptions of both the supplying and supplied parties' properties ("Parcel 1" and "Parcel 2"). Failure to accurately describe these properties can lead to confusion or disputes about the well's service boundaries and might render the agreement invalid or unenforceable.

Another error is overlooking the inclusion of the annual fee amount for the use of the well and water distribution system. The agreement specifies that an annual fee should be paid by the supplied party, with specific amounts to be listed for the initial and subsequent years. Omitting these figures could cause financial misunderstandings or disagreements down the line.

Additionally, individuals often neglect to outline the responsibilities for shared expenses accurately. The agreement calls for each party to cover half of the necessary repair or replacement costs associated with the well and water distribution system's operation and maintenance. Without a clear agreement on how these costs are shared, parties may face unexpected financial burdens or conflicts.

Failure to stipulate the cost of energy for the operation of the pumping equipment is another mistake. The agreement intends for the supplied party to pay their proportionate share of energy costs, determined by a separate meter for each dwelling and parcel. Neglecting to agree on how these costs are calculated and paid can lead to disputes over utility expenses.

Some individuals incorrectly assume that maintenance and improvement costs do not require mutual consent before proceeding, except in emergency situations. The Shared Well Agreement mandates that all parties agree to pay a proportionate share of costs prior to system maintenance, replacement, or improvement endeavors. Ignoring this requirement can lead to significant issues, particularly if one party undertakes expensive projects without the others' consent.

Errors in detailing the easements for construction and maintenance of water facilities are also common. The agreement provides for mutual easements over each parcel for essential infrastructure. Failure to accurately describe these easements can result in legal challenges or obstacles in accessing or maintaining the well and distribution system.

Lastly, some parties fail to address the procedure for terminating the agreement properly. The form specifies actions to disconnect from the system and resolve outstanding obligations upon termination. Not detailing these steps might lead to legal complications or continued responsibilities for parties looking to exit the agreement.

Omitting the clear definition of what constitutes an emergency situation for unilateral corrective actions is another oversight. The agreement allows parties to address emergencies affecting the water supply without waiting for consensus. Without a clear understanding of what scenarios qualify, parties may have disputes over the appropriateness and costs of emergency actions taken.

Documents used along the form

When entering into a Shared Well Agreement, additional documents and forms typically complement the process to ensure clear communication, legal protection, and thorough documentation of the arrangements made by the parties involved. These forms play crucial roles in defining the terms of use, maintenance, and any unforeseen circumstances related to the shared water resource. Below is a list of documents often used alongside a Shared Well Agreement.

  • Property Deeds: Essential for identifying the legal boundaries and ownership of the properties involved in the Shared Well Agreement. These records confirm the legitimacy of the parties' claims to the land and the well.
  • Title Search Report: Conducted to uncover any existing easements, liens, or encumbrances on the property that could affect the agreement. This report ensures that all parties are aware of legal rights or claims others may have on the property.
  • Water Quality Test Results: Provides a recent and comprehensive analysis of the water's safety for human consumption. This document is crucial for both establishing the well's current quality and for ongoing monitoring.
  • Well Maintenance Records: Documentation of any repairs, maintenance, and inspections performed on the well and water distribution system. These records help track the system's condition and anticipate future needs.
  • Cost Sharing Agreement: A detailed account of how the costs associated with the well's operation, maintenance, and any necessary repairs will be divided among the parties. This form prevents misunderstandings related to financial responsibilities.
  • Dispute Resolution Agreement: Outlines the steps to be taken if disagreements arise about the well, its use, or the shared agreement terms. This could include arbitration or mediation procedures and helps avoid litigation.
  • Easement Agreements: Legal documents that grant the parties involved the right to use the land for access to the well and water distribution system. Easements ensure that all necessary maintenance and emergency actions can be taken without legal hindrance.

While a Shared Well Agreement itself lays the foundation for cooperative water resource management between neighbors, these supplementary documents strengthen and clarify the arrangement. They ensure that all parties have a common understanding and that the well's use and maintenance are handled effectively and equitably. As each situation may present unique challenges and opportunities, the utilization of these supporting documents can provide the necessary legal and practical framework for a successful and harmonious agreement.

Similar forms

The Easement Agreement is closely related to a Shared Well Agreement as it involves the legal right of one party to use the property of another party for a specific purpose. In the context of a Shared Well Agreement, easements are often granted to allow for the installation, maintenance, and access to the well and water distribution system. Both documents serve to define the rights and responsibilities of property owners, ensuring access to essential utilities or services, while also stipulating usage restrictions and maintenance responsibilities.

Another document similar to a Shared Well Agreement is the Property Line Agreement. This type of agreement comes into play when property owners need to define or adjust the boundaries between their parcels. Similar to how a Shared Well Agreement outlines rights, responsibilities, and usage of a shared water source, a Property Line Agreement specifies the demarcation of property lines. Both agreements are critical in avoiding disputes by clearly defining ownership rights and responsibilities.

A Maintenance Agreement shares similarities with a Shared Well Agreement, particularly regarding the upkeep of shared facilities or utilities. While a Shared Well Agreement includes terms for the maintenance, repair, and operation of a shared well and water distribution system, a Maintenance Agreement might cover a wider array of property-related responsibilities, such as landscaping, exterior building maintenance, or shared spaces in a condominium. Both agreements ensure that parties contribute to and uphold standards for the care and functionality of shared assets.

Utility Sharing Agreements, much like Shared Well Agreements, are designed to outline the terms under which utilities are shared between parties. These might include sharing the costs and responsibilities associated with electricity, gas, or sewage services in addition to water. Both types of agreements delineate how costs are divided, the manner and schedule of payments, and the duties of each party in maintaining the utility infrastructure. The primary focus is on ensuring uninterrupted access to essential services while fairly distributing the financial and maintenance burdens.

Lastly, a Co-Tenancy Agreement bears resemblance to a Shared Well Agreement in contexts where individuals share ownership or use of a property. While a Co-Tenancy Agreement is broader, covering aspects such as property use, expense sharing, and decision-making processes among co-owners or co-tenants, a Shared Well Agreement specifically addresses the shared use and maintenance of a water well. Both documents are crucial for preventing conflicts by clearly setting out the rights, responsibilities, and expectations of all parties involved.

Dos and Don'ts

Filling out a Shared Well Agreement form is an important process that ensures the fair and equitable sharing of water resources between neighboring properties. Here are some dos and don'ts to consider while completing this form:

Do:
  • Review the entire agreement carefully before filling it out. Understanding all provisions ensures that the agreement meets both parties' needs and avoids future conflicts.
  • Clearly identify all parties involved by their legal names and include complete property addresses. Accurate identification helps prevent any misunderstandings about who the agreement covers.
  • Include a detailed description of both parcels. Using legal descriptions from property deeds ensures clarity about which lands the agreement affects.
  • Specify the terms for maintenance and repair responsibilities. Clearly detailing who is responsible for what, including costs, helps in preventing disputes over financial responsibilities.
  • Ensure that all financial obligations, such as annual fees and cost-sharing arrangements, are clearly outlined. Providing specifics on payments, due dates, and the process for handling delinquent payments keeps financial arrangements transparent.
  • Sign the agreement in the presence of a notary public to validate the document. A notarized document is often required for it to be legally binding and may be necessary if the agreement needs to be recorded with local government offices.
Don't:
  • Leave any blanks unfilled. Incomplete agreements can lead to ambiguity and potential legal disputes. If a section does not apply, consider writing “N/A” to indicate it's not applicable.
  • Make verbal agreements outside of the written document. Unrecorded agreements are difficult to enforce. Ensure all agreements and modifications are documented and signed.
  • Forget to specify the duration of the agreement and how either party can terminate it if necessary. Terms of termination, including any required notice period, should be clearly laid out.
  • Overlook the need for easements that allow for access to maintain and repair the well and water distribution system. Without proper easements, necessary maintenance could be hindered.
  • Assume one size fits all. Each shared well agreement may need to be customized to fit the unique aspects of the properties and the needs of the owners involved.
  • Delay in dealing with disputes. Procrastinating the resolution of disagreements can escalate them. Act promptly and consider stipulating a resolution process in the agreement.

By following these guidelines, parties can create a comprehensive and fair Shared Well Agreement that serves their needs and prevents future conflicts over water usage and responsibilities.

Misconceptions

When navigating the intricacies of a Shared Well Agreement, misconceptions can muddy the waters of understanding for both the supplying and supplied parties. A clear understanding of this document is critical for homeowners sharing a water source, ensuring a harmonious and equitable divide of both water supply and the responsibilities that come with it. Here are ten common misconceptions about the Shared Well Agreement form:

  • It's just about water sharing. While water sharing is a pivotal aspect, the agreement also outlines financial responsibilities, maintenance duties, and legal rights amongst the parties involved.

  • One-time setup is enough. The agreement demands ongoing engagement and cooperation from all parties, regarding payment schedules, maintenance, and potential dispute resolution.

  • The agreement doesn't affect property value. The presence of a well-drafted Shared Well Agreement can, in fact, enhance property values by ensuring a reliable and legal water supply.

  • Parties can opt out anytime. Terminating involvement in the agreement requires specific conditions to be met, including a formal process outlined within the agreement itself.

  • All parties have equal say. While ideally, this is the case, the agreement details may grant more say to certain parties, especially in emergency situations or regarding maintenance decisions.

  • Costs are split equally. While the default assumption might be an equal split, costs are often allocated based on usage or as agreed upon in the terms, which might not always be 50/50.

  • Legal disputes require court involvement. The agreement typically mandates arbitration for dispute resolution, aiming to avoid court proceedings and foster a quicker, simpler resolution process.

  • Any improvement or landscaping is allowed. The agreement places restrictions on landscaping or improvements that could affect the operation and access to the water distribution system.

  • Shared Well Agreements are uniform. Each agreement is tailored to the specific parties, properties, and local regulations involved, making them unique and customized to particular needs.

  • Usage is unrestricted. The agreement often limits water usage to domestic purposes and may exclude activities such as filling swimming pools, maintaining specific usage parameters.

Understanding these facets of a Shared Well Agreement illuminates the critical balance of rights, responsibilities, and requirements necessary for its successful execution and maintenance. Such insights ensure that all parties are not only well-informed but are also well-prepared to uphold their end of the agreement, fostering a cooperative and lasting relationship.

Key takeaways

Understanding a Shared Well Agreement is crucial for property owners who rely on a common water source. Here are key takeaways that can help guide through the process of filling out and using the Shared Well Agreement form effectively:

  • The Agreement's purpose is to officially document the rights and responsibilities related to a well system shared by neighboring properties, ensuring an adequate supply of water and its maintenance.
  • It specifies the parties involved by their residences and the parcels of land being serviced by the shared well, identifying them as either the supplying or the supplied parties.
  • Details about the properties and the shared well, including location and legal descriptions, are essential for clarity and enforcement.
  • It necessitates the inclusion of a water quality analysis, confirming the well water's safety for human consumption, emphasizing the importance of health standards.
  • The agreement outlines the financial responsibilities, detailing how costs for use, maintenance, repairs, and energy for pumping are divided among the parties.
  • Conditions for emergency repairs and maintenance work are included, ensuring the continuous operation of the shared system even in unforeseen circumstances.
  • Easements for construction, maintenance, and repair work on the well and distribution system must be defined, indicating the legal right to use the property for these purposes.
  • There are restrictions on water usage, explicitly prohibiting actions such as filling swimming pools, to ensure the well's capacity meets the domestic needs of all parties involved.
  • The agreement sets out termination provisions, describing how parties can exit the agreement and the steps required to do so, including disconnecting from the shared system.
  • It establishes a dispute resolution mechanism through binding arbitration, offering a structured method to resolve any disagreements that arise.
  • The document becomes a covenant running with the land, meaning it is binding on future owners, ensuring long-term compliance and operation of the shared well system.

Ensuring each section of the Shared Well Agreement is completed accurately and reflects a clear understanding between all parties is essential for the effective and fair use of the shared water resource. Consulting with legal professionals when drafting or modifying this agreement can provide safeguard against potential issues and help maintain a good relationship between neighbors.

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