LET'S TALK: Shared Wells

Joanna Rice & Darci Price • March 15, 2023

Water Wednesday: Shared Wells

Let's say you're building your home on a piece of property that has a shared well with a neighbor. How do you make sure that the well is regularly maintained? That each party will get enough water? What about the location of the well?


Shared wells can be a great setup, if both parties are fair and cooperative. Working and cooperating with our neighbors is a huge thing around here. The Shared Well Agreement should be recorded. Know the terms and conditions of the Shared Well Agreement. Whose property provides power to the well? Whose property is the well on? How are maintenance and repairs handled? Who pays for power to the well?


So when looking at buying a property with a shared well, ask for a maintenance agreement, the location of the well, power, and get an inspection. Do. Your. Research. Talk to your realtor and other professionals.

As always when buying or selling real estate, work with local professionals that will get the job done for you and provide the necessary information or resources so that you can have a hassle free transaction and move. 

replace with The Shared Well Agreement should be recorded. Know the terms and conditions of the Shared Well Agreement. Whose property provides power to the well? Whose property is the well on? How are maintenance and repairs handled? Who pays for power to the well?
So when looking at buying a property with a shared well, ask for a maintenance agreement, the location of the well, power, and get an inspection. Do. Your. Research. Talk to your realtor and other professionals.

If you're selling a property with a shared well, make sure that the agreement in place will give the new owners all the access that you had when you owned the property. Take this out

As always when buying or selling real estate, work with local professionals that will get the job done for you and provide the necessary information or resources so that you can have a hassle free transaction and move. 

 






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