OT: Leasing land

Tom Gardner · 2013-06-26T22:18:14+00:00

I had a gentleman from a construction company come in to my office today and wants to lease a bit more than an acre of my property. His company is based about 10 miles away but they have some big jobs a few blocks down the street. He needs an area to store big pipes and other materials in addition to construction equipment. He said he'll need it for at least 14 months. I wonder what to charge? In addition, I would accept a certain amount of improvements to the property and I have a 10k' building I would like to remove. One formula for a ground lease is 8% to 12% of the value per year. Would I use the property tax numbers?

Jun 26, 2013 21 Replies

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Michael A. Terrell 13 years ago

That would be a huge job, you old lesbian! ;-)

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Karl Townsend 13 years ago

Then you're in great shape. Companies have reps. just like people. But I would probably ask for a standard boiler plate contract if it was me.

Karl

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