Re: Sharing well and pump--how much should we charge?

On Feb 26, 11:23 am, "Bill" snipped-for-privacy@yahoo.com wrote: >

> > > > > > This is like asking an employee to use *his* car for your business and only > > paying him for his cost of gasoline. We all know that there are many costs > > associated with owning a car... Purchase, interest on loan, license, > > insurance, gasoline, and repair costs. > > > Same with a well. Every so often need a new pump. Need costly repairs. > > Sometimes need to dig a deeper well because well goes dry. Can have trouble > > with bacteria or contamination in water and need to treat it. Can have a > > daily limit as to how much water can be pumped from certain wells, etc. > > > What if your neighbor decides to use too much water and this makes the well > > go dry for the day and you are left without water? > > > What if the well goes dry and you need to dig a deeper well? Who pays what? > > > What if you and your neighbor are without water because the well went dry, > > it will cost $10,000.00 to get it fixed, and you decide you want to wait 30 > > days before having this done (time to get money or loan)? Can your neighbor > > sue you because you are not providing them with water? > > > What if your well becomes contaminated with bacteria and this makes your > > neighbors sick? Are you liable for their medical costs? > > > What if they don't pay you their share and you cut off their water? Can they > > sue you? > > > Etc. > > > The only way I would do this is to place the well on a separate electric > > meter and install a water meter on the neighbor's line. Also a water meter > > on your line. (Can tell who is using how much.) > > > Then find out how much total water can be used from this well daily. Find > > out typical maintenance costs over a 10 year period. Cost to replace pump. > > Cost for deeper well, etc. > > > Then get it in writing (with a lawyer doing the writing) that you or future > > owners of your house are under no obligation to provide water to your > > neighbor, that you are just doing this on a temporary basis until they get > > their own well, and that you may disconnect them at any time for any reason. > > > Also that you are not responsible for any water contamination by bacteria or > > otherwise. > > > That they are limited to using only a certain amount of water a day and if > > they exceed this, you can cut off their water without notice. > > > And if they are late with their payments, there will be a late charge and > > interest charges. > > > That you can change the terms of the agreement at anytime. That the > > agreement is not transferrable to another person (future owners of their > > house). > > Yeah, that should be real easy.   The neighbor just bought a new house > and is getting water already under the current system, which was just > an agreement to pay for the electric.  I'm sure he'll just say sweet > deal, including even the late fees. > > The time for the lawyer and the agreement in writing was BEFORE he > bought this place. > > > > > Then calculate the cost of electricity they use each month based on their > > water usage and charge for that. Also charge for their share of yearly > > operating costs (well drilling, pump replacement, repairs, cost of meters, > > etc.), and charge for your time to keep track of all this. > > Oh, it gets even better.   The neighbor is getting water right now and > only has agreed to pay for electric.   Not only to do you want to > renegotiate the whole deal, you want to charge late fees and now > bookeeping fees.   That's a real good negotiating strategy. > > > > > Basically the contract would say you are not responsible for anything, can > > cut them off anytime you wish, and they must pay for their fair share of > > everything (not just electricity). > > And it gets even better.   Why don't you call up your mortgage company > and tell them you want 4% instead of 7%, want them to pay you fees for > bookeeping, etc?   Should have about the same chance of success. > > > > > Perhaps also state that you are charging them a monthly "connection fee" > > which will be paid even if they use no water at all and this fee is not > > based on usage. (You would not have to calculate usage every month and they > > could not come back at you claiming you miscalculated their usage, etc. > > wanting a credit.) You could choose to just charge them a monthly fee and > > not bother with doing any calculating if you so choose. > > Here's an idea, why not charge them a fee for breathing air too?   Can > anyone be this stupid?   This is how a bad situation that could > POSSIBLU be resolved by being reaonable, winds up instead in court.- Hide quoted text - > > - Show quoted text -

And just what is unreasonable about asking that a contract be drawn up with details negotiated?

Things can always be changed by mutual consent.

Harry K

Reply to
Harry K
Loading thread data ...

HomeOwnersHub website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.