MichaelO4 (Montana)
Posts: 40
Posts: 40
Posted:
OK, here's a tricky one...
When our 21-unit condominium complex was developed in 2004-2006, the developer drilled a water well ON HIS PERSONAL PROPERTY that adjoins the
complex property (he owns a rental house on that lot). The well serves our common area sprinkler system. This approach avoided connecting to the
costly city water system for irrigation purposes. Our complex pays the former developer (he's since turned the complex over to the owners)for the
water during the summer months (we're in Montana).
So far, so good. BUT, what happens if he sells that lot with the water well (and submersible pump), and the new owner decides not to maintain the current
arrangement, or decides to up the price we pay for the water? We would be forced to either pay the new rate or drill a new well on complex property, again,
very costly (we're talking a Special Assessment here).
Note: This situation and potential future liability was not disclosed to any of the original or subsequent buyers at closing by the developer, the real estate agents, the sellers, or the title companies, etc., and no one thought to ask...who would?
Question #1: Did anyone have an obligation to disclose this situation to the buyers?
Question #2: If yes, what might be their financial obligations to the complex owners if we must drill a new well?
Or are we just screwed?
Thanks
When our 21-unit condominium complex was developed in 2004-2006, the developer drilled a water well ON HIS PERSONAL PROPERTY that adjoins the
complex property (he owns a rental house on that lot). The well serves our common area sprinkler system. This approach avoided connecting to the
costly city water system for irrigation purposes. Our complex pays the former developer (he's since turned the complex over to the owners)for the
water during the summer months (we're in Montana).
So far, so good. BUT, what happens if he sells that lot with the water well (and submersible pump), and the new owner decides not to maintain the current
arrangement, or decides to up the price we pay for the water? We would be forced to either pay the new rate or drill a new well on complex property, again,
very costly (we're talking a Special Assessment here).
Note: This situation and potential future liability was not disclosed to any of the original or subsequent buyers at closing by the developer, the real estate agents, the sellers, or the title companies, etc., and no one thought to ask...who would?
Question #1: Did anyone have an obligation to disclose this situation to the buyers?
Question #2: If yes, what might be their financial obligations to the complex owners if we must drill a new well?
Or are we just screwed?
Thanks