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neckdweller · 04-29-2013, 10:51 AM

Our home is one of about a dozen that shares a private road in Moultonborough. We are plowed by the town but are responsible for the cost of all maintenance - trees, grading the road, etc.

We have never had a formal agreement in place. Instead we have met as a group, figured out what we had in the bank, estimated the maintenance and then set an amount we all pay equally.

It has come to my attention that recently our neighbor was given a hard time by a lender when they went to refinance because there was no official agreement in place which seems to be something that will continue going forward due to either tigher scrutiny or regulations.

I'm taking on the task of getting this agreement in place. Does anyone have a similar small group of houses that has done something similar? I'd love to either be pointed in the right direction to get this written up or quite honestly I'd be happy to take the wording you currently have in place if anyone is OK with that.

04-29-2013, 10:51 AM	#1
neckdweller Senior Member Join Date: Apr 2008 Location: Moultonborough & Southern NH Posts: 133 Thanks: 6 Thanked 37 Times in 18 Posts	Private road maintenance agreements Our home is one of about a dozen that shares a private road in Moultonborough. We are plowed by the town but are responsible for the cost of all maintenance - trees, grading the road, etc. We have never had a formal agreement in place. Instead we have met as a group, figured out what we had in the bank, estimated the maintenance and then set an amount we all pay equally. It has come to my attention that recently our neighbor was given a hard time by a lender when they went to refinance because there was no official agreement in place which seems to be something that will continue going forward due to either tigher scrutiny or regulations. I'm taking on the task of getting this agreement in place. Does anyone have a similar small group of houses that has done something similar? I'd love to either be pointed in the right direction to get this written up or quite honestly I'd be happy to take the wording you currently have in place if anyone is OK with that.