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Well Easement Agreement

For more information or questions about well agreements or a specific situation, please contact one of our lawyers. There are many types of easements, but a few common examples are: neighbors who share access to the well are usually expected to share the cost of maintenance, repairs, and a contribution to electricity costs equally. Once water reaches each property, homeowners are often responsible for their own individual water treatment and printing systems for each property. While easements can be difficult to understand, it`s important to know why they exist and to be aware that they can be on title to a property. Before negotiating or accepting an easement for your own property, you should do more research and consider the advice of a lawyer. To establish an easement, a landowner can set out the details in their title deed or title documents prepared by a lawyer. It is also important to note that credit institutions may need a registered well agreement as a condition of financing a common well. If the issue has not been properly resolved in advance, it can sometimes be an unpleasant surprise for buyers who have signed an offer to purchase and are now trying to obtain or close their “pre-approved” financing agreements. In fact, if your mortgage is insured (for example, through Canada Mortgage and Housing Corporation or otherwise), if there is a common well, it is usually necessary to have a registered agreement that relates to the well agreement. Again, this can lead to significant issues with an otherwise relatively simple conclusion of a buy/sell and compromise the entire transaction…