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re: Pipeline on farmland
Posted on 4/11/24 at 4:44 pm to CharleyLake
Posted on 4/11/24 at 4:44 pm to CharleyLake
"The mutually agreed upon consideration to the OWNER for an additional ten (10) year option term shall be $C,CCC per rod"
This part right here has me stumped for some reason. I took out additional as well and i am still not reassured they need to pay per rod after they pay the $10. Of course, with the time to decide. Would you mind giving me a call and explain it to me like I'm a ....... 337-852-4144
"The first term of this SERVITUDE shall be for a period of ten (10) years, provided XXXX gives written notice to OWNERS of its intent to exercise its option on or before 04/10/2025. The mutually agreed upon consideration to the OWNERS for a ten (10) year option term shall be ONE THOUSAND DOLLARS ($1,000) per rod"
This part right here has me stumped for some reason. I took out additional as well and i am still not reassured they need to pay per rod after they pay the $10. Of course, with the time to decide. Would you mind giving me a call and explain it to me like I'm a ....... 337-852-4144
"The first term of this SERVITUDE shall be for a period of ten (10) years, provided XXXX gives written notice to OWNERS of its intent to exercise its option on or before 04/10/2025. The mutually agreed upon consideration to the OWNERS for a ten (10) year option term shall be ONE THOUSAND DOLLARS ($1,000) per rod"
Posted on 4/26/24 at 8:28 am to Cajun337
Sorry for the delayed response. I have been on an extended vacation and just returned home.
Find out if the pipeline company would agree to multiple renewable term agreements as opposed to a one time perpetual term. The renewable term options allow the landowners to receive the income for the initial term plus the cost of living increase at the time when the initial term expires.
Find out if the pipeline company would agree to multiple renewable term agreements as opposed to a one time perpetual term. The renewable term options allow the landowners to receive the income for the initial term plus the cost of living increase at the time when the initial term expires.
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