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Water shares. A water share is an ongoing entitlement to a share of the water available in your water system. It gives you a right to a share of water in the dams. Features of a water share include. 1  its water system, such as the Goulburn, Murray or Macalister. 2  its reliability, and. 3  the volume, such as 100 megalitres (ML).
Buying a home with water shares or rights can be exciting but sometimes stressful if you do not have all the information. This article will help buyer and sellers better understand how to deal with water when purchasing or selling a home. There are 3 types of water rights in the state of Utah. If your home has water rights or shares you will want to understand the steps it will take to transfer the water rights into your name.