Termination Of Shared Well Agreementcontribution.html - Here are the steps you should consider: Termination of the agreement to share a well should not terminate a partyโs debts or obligations incurred on or before the termination date. The terminating party typically pays the cost to. Have a real estate attorney prepare and record an easement and well agreement. Since you indicate they. You likely cannot cut your neighbor out from using the shared well on your property, but with your own new well, the stress should be reduced on the formerly shared well. I would like to get a legal document that all owners can sign and i can record as an addendum to the original recorded agreement that i or new owners will not utilize or share the. We bought an investment property with a shared well. This well is on our property and is shared between our single family home and his six unit apartment building. Our agreement states that we must provide well water to the eight other homes for six months after water service is available. It also states that all must share in the cost of well.
Here are the steps you should consider: Termination of the agreement to share a well should not terminate a partyโs debts or obligations incurred on or before the termination date. The terminating party typically pays the cost to. Have a real estate attorney prepare and record an easement and well agreement. Since you indicate they. You likely cannot cut your neighbor out from using the shared well on your property, but with your own new well, the stress should be reduced on the formerly shared well.