Most home lenders today are quite concerned about the wording of shared well agreements, especially when there are five or home homes sharing a single well. If there are five or more homes on a single shared well, lenders prefer that the shared well is registered in either a co-op, or a non-profit limited liability company (LLC).
Additionally, most lenders insist that there are individual water valves that can shut off water to a particular home while leaving the other homes in service.
If you need help from an experienced Arizona water law attorney, then contact the Dunaway Law Group at 480-702-1608 or message us HERE.
* The information provided is informational only, does not constitute legal advice, and will not create an attorney-client or attorney-prospective client relationship. Additionally, the Dunaway Law Group, PLC limits its practice to the State of Arizona
