We are in the process of buying a 3 acre lot in a subdivision to build a new home, all of the lots are on 2+ acres and are on wells. The well on our lot goes to another home and they have exclusive rights to that well. We will be on a shared well agreement with the adjacent lot, I was told that well produces 30gpm. The seller and the owner of the adjacent lot want to install the pump and do the tests then split the costs 3 ways as part of the sales agreement. The deal seems fair but I'm not familiar with wells and have been reading about some of the concerns with shared wells. The adjacent lot with the shared well agreement is also undeveloped at this time, there will only be two homes on this well when it does get developed. Please see the bid, am I missing anything? Does the bid seem reasonable? I'll review the agreement before signing and have a storage tank installed as part of construction but short of the well failing to produce I don't know if there is an issue here.