We are purchasing a 160 acre farm with a 200' monopole and lease that has 10 years left on it. The current owner will not allow any sublettors but we are willing to maximize our income. We are being asked to lower our monthly rate $268 to $2000 and include an option agreement for 1000 extra sq ft of ground space as well as extend for 30 years on top of the current lease. They are willing to pay a signing bonus but I'm nervous to sign something for 40 years if I don't know if that's the most I can get out of it. Is 40 years too long?
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