NEMO | fcw7791 - 1/20/2025 18:42
The lease agreement covers pretty well everything that you fine gentlemen have mentioned. It pays the signing bonus and $3/ft annually plus no less than 2% or no greater 4% of the per/ft payment based off the consumer price index. The 2%-4% is added to the previous years payment. The payment will increase at least 2% every year. It's a 30 year lease with option for two more 10 year extensions on the same terms. If they decide to extend after the initial 30yr lease, the per/ft payment will still increase 2-4% based off the payment at 30yrs. Sorry for rambling and I hope I explained that without confusion.
Thank you all for the replies.
What company is wanting the easement? |