OT: Leasing land

Value would be market, generally not appraised.

If you choose to go ahead be certain to get restoration clauses when they're done to restore to acceptable conditions w/ suitable penalties if fail to comply so it's painful enough they'll do it.

I'd write it into the contract that they guarantee that they're bonded and/or insured, so that if they go under after they make your land into a superfund site, there'll (hopefully) be a pool of money for you to draw on.

Or just take a chance, and hope and pray.

Do you know any good land-lawyers? This is not a contract that I'd want to write up or sign without advice.

Contact a real estate broker in your area..perferably a commercial properties one.

What works in Butte Montana is likely to be different than in your burg.

Seriously.

Indeed. If they dump 5000 gallons of diesel and used motor oil off in the corner...they have to clean it up.

Gunner

Happens a lot with leased properties

Indeed it does. So that has to be part of the agreement.

Gunner

...

"I agree I will dispose of at a minimum 5000 gallons of fuel and/or motor oil on the property during the duration of this lease."

:)

Ha!

Another scam is leaving a rental unit full of old computer monitors. Considered to be Toxic Waste, and expensive as heck to dispose of.

Or junk tires.

Second son just dropped a pickup load at the salvage yard and got six cents a pound for them - a tank of gas for him.

A cleansing fire can take care of tires.

I've talked to a couple of other people that have leased this company land close to projects they were working on. They said they left the land better than found. They graded and spread gravel, installed fencing, (I already have full fencing) and didn't leave a cigarette butt on the ground. I'm thinking about $650/month and have had my lawyer draw up a fairly standard contract. We'll see.

I've always felt the best contract can't stop a scoundrel. And the best contract isn't needed if the person has integrity. You're better off spending your time learning about the person.

Karl

Yeah, see if the potential lessee will pay for Tawm to do a deep background check.

s*it...just have the guy post a bond for clean up costs. Its not a big deal

Gunner

I'm more worried they might do a background check on ME!

It's a fairly big and old company that does a lot of State and local Gov. work.

Good idea!