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re: Leasing a piece of property

Posted on 6/14/15 at 3:37 pm to
Posted by SB in KC
Oklahoma City
Member since Jan 2012
406 posts
Posted on 6/14/15 at 3:37 pm to
quote:

He is leasing the land to a friend for 99 years so the friend can build a house...


If true, the guy leasing the property is the one that needs the attorney. How do you build a house on leased property? What happens when the lease is up? Even if it is for 99 years, eventually that is going to be a problem for someone.
This post was edited on 6/14/15 at 3:38 pm
Posted by WeeWee
Member since Aug 2012
40196 posts
Posted on 6/14/15 at 4:32 pm to
quote:

He is leasing the land to a friend for 99 years so the friend can build a house...


If true, the guy leasing the property is the one that needs the attorney. How do you build a house on leased property? What happens when the lease is up? Even if it is for 99 years, eventually that is going to be a problem for someone.


I would want an attorney even more in that case. I would want those questions answered and make sure my arse is covered from any kind of liability suit and there is an enforcement mechanism if i don't get paid.
Posted by yellowfin
Coastal Bar
Member since May 2006
97735 posts
Posted on 6/14/15 at 4:33 pm to
We lease camp sites, it's year to year and if they build something that can't be moved and get kicked off its ours.
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