Free Property Use To Expand A Bridge

[JHZR2]

The solar company could act in less than 30 days. They are offering $3000 a usable acre lease over 40 years but that is negotiable. I figure 23-24 acres are usable

I haven't got the cash offer yet. I like both ideas as I have another house project to do.

So many hassles over this land that I'm ready to let it go.

I’d take that with an escalation rate plus a re-evaluation of tax rates clause in there.

 

[RhondaHonda]

Cash is king....agreed

I don’t know that I’d index it to inflation but I’d add a 2% or whatever you are comfortable with increase if I were going to tie it up for 40 years. We do that in our ground leases.

 

[SC Maintenance]

Cash is king....agreed

Sorry - edit $3000 indexed to inflation 40 years ago would equate to $1000 in 1984. That include 15 years of basically no inflation - at least by BEA measures.

Any contract that is to last that long needs to be indexed to some inflation number?

 

[Zee09]

I’d take that with an escalation rate plus a re-evaluation of tax rates clause in there.

The minimum lease period is 10 years and up to 40... I will be talking to them this week. Yes taxes...most definitely.

 

[Zee09]

I don’t know that I’d index it to inflation but I’d add a 2% or whatever you are comfortable with increase if I were going to tie it up for 40 years. We do that in our ground leases.

Is that a year to year lease?

 

[Zee09]

Sorry - edit $3000 indexed to inflation 40 years ago would equate to $1000 in 1984. That include 15 years of basically no inflation - at least by BEA measures.

Any contract that is to last that long needs to be indexed to some inflation number?

I'm thinking free electricity if I stay there..lol

 

[SC Maintenance]

I'm thinking free electricity if I stay there..lol

Unlimited? Mine for bitcoin

 

[walterjay]

Sounds like something to look into. You will be more "green" because of it.

 

[RhondaHonda]

Is that a year to year lease?

No. We typically do 99 years, we pay the real estate taxes and have first right to buy if they landowner wants to sell or we can buy at market value at the end of the lease. We redevelop the property so slightly different than a solar farm.

 

[JimPghPA]

They will tear the snot out of it for sure.

And There's the possibility that they could leave it contaminated with oil or tar or any other material they are using. It certainly won't be in the same shape it was in before they started using it, when they get done with it.

 

[JHZR2]

The minimum lease period is 10 years and up to 40... I will be talking to them this week. Yes taxes...most definitely.

We have some familiarity with some prime real estate used for cell towers. It gets re-negotiated once a decade.

 

[Revving2Redline]

I just received a certified letter from the county engineering works.
They want to use a section of my 30 acre property for a work area for 1 year exactly for absolutely no compensation. They are giving me 5 days to notarize the papers and won't even flip a dime for the notary.

That area will be planted as well (crop area)
I really don't need anything and the bridge is in fine condition so it's not a plus for me.

I think they could if anything pay the property taxes for the year... seriously...

What say you?

Tell them no trespassing, paint the fence Purple for no hunting, and decline them access.