S Bengi wrote:What if you gave him 'your current" well that is by his driveway. And he can pay for you to have a new well that is by your house/driveway vs by his house/driveway. Personally I would prefer that over hoping that the guy who rents/lease/inherit/buys his house 4yrs from now keeping a promise that he doesn't care about.
This is a really good idea if it's possible in your state. I would think it could be. Sometimes there are laws restricting (or making the legality very specific) the transfer of water rights - so make sure you actually talk to your state/county/jurisdiction's well master. It might require a lot line adjustment. In some states this can create a technically new lot and that can get complicated, but is important. (If you are in Oregon, I'd recommend you talk to an actual planner, because Oregon laws can get really, ridiculously complex on this matter.) Both of your properties would likely be better off if each one had it's own well on it's own property.
Please make sure you do it however is required for it to be legal, though, please. Otherwise very annoying situations can come up later on if you or the neighbor go to sell.
Good luck!! Some great ideas came up on this thread. Everyone here has had good insights.