Colorado Shared Well Water Agreement
Description
How to fill out Shared Well Water Agreement?
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FAQ
The definition of a Shared Well is a water well that provides water for home or irrigation use to two to several homes. In most cases, a shared water well that provides water to more than four homes would be categorized as a community well.
A shared well agreement is a legal document that is used to create an agreement between two or more property owners who share access to a common well. This agreement outlines the rights and responsibilities of each party involved in the shared well.
There is the required maintenance and upgrades over time. At times of such change, clients become more vulnerable to cost increases and having to deal with individuals who were possibly not initially in the original agreement. Shared wells also have an expectation of access to water. Things can get complicated.
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.
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.
Private, or individual, water systems are composed of private ground water residential wells, cisterns, and larger private water systems that serve more than one residence. Private ground water wells usually supply water to an individual residence.
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.
