What is the name of your state (only U.S. law)? Wisconsin
Behind my home is a very small piece of land where there is a well-house that used to service the 9 shared-well users in this neighborhood. I was one of them. The well was old and the pipes broke every year resulting in large repair bills. One by one we have all dropped out of the shared well and put in our own individual wells. I would like to acquire this property, as it is right off my back yard. I don't have much money, but the cost of capping off and abandoning the old well will cost about $1,000.00. I thought I might offer to pay that cost, in exchange for each of the other 8 owners relinquishing their right to the property. Is this fair? Is it legal? How should I word a letter/form that they would sign off on?
Behind my home is a very small piece of land where there is a well-house that used to service the 9 shared-well users in this neighborhood. I was one of them. The well was old and the pipes broke every year resulting in large repair bills. One by one we have all dropped out of the shared well and put in our own individual wells. I would like to acquire this property, as it is right off my back yard. I don't have much money, but the cost of capping off and abandoning the old well will cost about $1,000.00. I thought I might offer to pay that cost, in exchange for each of the other 8 owners relinquishing their right to the property. Is this fair? Is it legal? How should I word a letter/form that they would sign off on?