length of lease

by RP
(Colorado)

We have been approached to increase our lease term to 65 years. What would be their advantage, or ours, when according to our contract they can bail out at any time, yet our only opportunity to renegotiate would be at the end of the lease. We've had numerous offers to sell the lease but paying capital gains vs. monthly income keeps us from the lump sum. After going back and forth with a few of them, we now tell them that unless they pay us the total amount of remaining lease we're not interested--short conversation then!! So, what are they up to with this 65 year lease thing??

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Dec 21, 2014
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starstarstarstarstar 		Here is the deal...
by: Sean (Tower Genius)

They are trying to keep you and/or your family from getting the opportunity to renegotiate the deal, within reasonable intervals, to assure that you are getting fair market value. Avoid such deals. The longest total lease period that we recommend is 20-25 years. Give us a call if you have any further questions.

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