re: Obama administration shuts down 100 year old oyster company (Posted on 11/30/12 at 10:12 am to Meauxjeaux)
quote: That is small print for saying the fedgov can screw you over at any time.
Wrong, not during the term of the lease - WHICH WAS 40 YEARS.
Whenever one of my tenants signs a lease, it is assumed that it will be renewed, but both parties reserve the right to not renew. Are you suggesting only the LESSEE should retain the right to not renew? What would that do to landowner rights?
Besides, do you think those oystermen were leasing at market rates...? I doubt it.
Meauxjeaux Memphis Fan I have 91k posts with all my alters Member since Jun 2005 13038 posts
re: Obama administration shuts down 100 year old oyster company (Posted on 11/30/12 at 11:05 am to WildTchoupitoulas)
quote: That is small print for saying the fedgov can screw you over at any time.
Wrong, not during the term of the lease - WHICH WAS 40 YEARS.
The Lunny family sold their land thinking they would lease it back in 40 year chunks forever and continue to enjoy the benefit of their land as they saw fit.
Having a renewable term in the lease means the lessor gets to change the terms.
mmcgrath LSU Fan New Jersey Member since Feb 2010 2164 posts
re: Obama administration shuts down 100 year old oyster company (Posted on 11/30/12 at 11:15 am to Meauxjeaux)
quote: The Lunny family sold their land thinking they would lease it back in 40 year chunks forever and continue to enjoy the benefit of their land as they saw fit.
Having a renewable term in the lease means the lessor gets to change the terms.
Small print for "screw you over at any time".
Let's not pretend that the Lunny family was some naive group here. I am pretty sure that they had lawyers 40 years ago.
