Section 40 Agreement Water: Everything You Need to Know
Section 40 Agreement Water is an important concept to understand, especially if you live in England or Wales. It refers to an agreement made between a developer and a water company, which allows the developer to connect a new development to the public water supply. In this article, we’ll take a closer look at what Section 40 Agreement Water is and why it’s important.
What is a Section 40 Agreement?
A Section 40 Agreement is a legally binding agreement between a water company and a developer, which sets out the terms and conditions for the provision of water services to a new development. The agreement is required by law under Section 40 of the Water Industry Act 1991, which states that a developer must obtain the agreement of the water company before connecting a new development to the public water supply.
Why is a Section 40 Agreement important?
A Section 40 Agreement is important for several reasons. First and foremost, it ensures that the water supply to the new development is safe and reliable. The agreement sets out the standards that the developer must meet in order to ensure that the water quality is of a high standard and that the supply is reliable and secure.
In addition, the agreement also ensures that the developer pays for the cost of connecting the new development to the public water supply. This ensures that the cost of providing water services to the new development is borne by the developer rather than the water company or the taxpayer.
What is Section 40 Agreement Water?
Section 40 Agreement Water refers to the water supply that is provided to a new development under a Section 40 Agreement. This water supply is provided by the relevant water company and is subject to the terms and conditions set out in the agreement.
Section 40 Agreement Water is typically provided through a mains water supply, which is connected to the new development via a meter. The developer is responsible for paying for the cost of the meter and for any charges related to the water supply, including usage charges and standing charges.
In conclusion, Section 40 Agreement Water is an important concept to understand if you are a developer or a homeowner in England or Wales. It sets out the terms and conditions for the provision of water services to a new development and ensures that the water supply is safe, reliable and secure. If you are planning to develop a new property, it’s essential that you obtain a Section 40 Agreement from your water company to ensure that you have access to the water supply you need.