Sunday, November 11, 2007

100 Year Leases

That's what was reported to me this last week. Ok, they were really 99 year leases. Ottertail Power offering 100 year leases in Sheridon County, North Dakota. Please send an anonymous copy to: Joe Richardson, Post Office Box 3112, Fargo, North Dakota 58108. I probably have the best collection of leases in North Dakota and always on the lookout for more. I am betting that this lease is one-sided as heck in that Ottertail, or the party offering, is given a 30 day out while the landowner is bound for generations. Hey, if it has a confidentiality clause in it, they would have an opportunity to sue several generations for disclosing the terms of the agreement.

No comments: