Has anybody ever sold easement rights to a power/utility company? | TigerDroppings.com
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iwyLSUiwy
Southern Fan
I'm your huckleberry
Member since Apr 2008
21398 posts

Has anybody ever sold easement rights to a power/utility company?

I have a piece of property close to the Louisiana Boardwalk in Bossier. Maybe an acre that a rent house sits on. I guess because of Margarittaville they are having to replace old power lines with new metal ones. They have to move them further from the levee as well so they would need to buy easement rights 40ft wide and would run the legnth of the acre. There would be no pole on the property, just power line running over it a little bit.

I guess the AEP guy has been trying to get in touch with me for a while (all I had gotten was a letter) and he finally came to my house Wednesday. In the letter he made a formal offer of $750. We talked at the house and I got him to $2,000. But after reading the contract I told him I needed to think about it. He he had a pen and checkbook and was ready to cut the check then.

My thing is that even though I will still own that portion of the property, being a small portion I know, they can do whatever they want to it in the future and I can't stop them. Also, if somebody wants to buy it in the future, it's going to take away from the value I would image because it's now a useless portion of the land.

They have purchased the rights to almost all of the land around me and I can tell he needs to get this deal done because he's called twice since Wednesday.

Should I try and get him up more, maybe around $5000? Should I wait it out longer?

I know it's not a lot of money but I don't want to give it away if that's what I would be doing.

Thanks in advance.


ThatsAFactJack
Broussard
Member since Sep 2012
567 posts

re: Has anybody ever sold easement rights to a power/utility company?
It doesn't hurt to pose the concerns to him and ask for $10,000 specifically because the future value of the property is diminished. All he can say is No. Don't sell yourself short. 2000 to them is nothing so I would definitly ask for more.


Tigerpaw123
USA Fan
Louisiana
Member since Mar 2007
9809 posts

re: Has anybody ever sold easement rights to a power/utility company?
I would go with something like this

Well you know we were just discussing putting up a flag pole back there, so I am not sure we are ready to sell any rights, besides I have heard a lot of people getting sick and having cancer that live close to power lines and such,, and make him keep calling you, he will become more and more desperate. When you do finally settle on a price, make it specific, IE: what type and how many lines will be going overhead, then in the contract have it limited to those specifically, and if they want to do anything else they have to return to negotiate. Also you can negotiate any improvements to the area, ditches being cleaned out, fences repaired, gates, re sodding, etc. You are in the drivers seat...ask for the world then negotiate


schlow mo
Mississippi St. Fan
New Orleans
Member since Feb 2010
5235 posts

re: Has anybody ever sold easement rights to a power/utility company?
Do you know any attorneys? I would consult one, especially to review the contract.

And if you got him from 500 to 2k quickly he really needs that easement. You can milk a good bit out of this.


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iwyLSUiwy
Southern Fan
I'm your huckleberry
Member since Apr 2008
21398 posts

re: Has anybody ever sold easement rights to a power/utility company?
quote:

ThatsAFactJack


It doesn't hurt to pose the concerns to him and ask for $10,000 specifically because the future value of the property is diminished. All he can say is No. Don't sell yourself short. 2000 to them is nothing so I would definitly ask for more.


Kind of what I started thing. He was ready to cut a $2000 check quick so he must have thought he was coming out good.

quote:

Well you know we were just discussing putting up a flag pole back there, so I am not sure we are ready to sell any rights, besides I have heard a lot of people getting sick and having cancer that live close to power lines and such,, and make him keep calling you, he will become more and more desperate. When you do finally settle on a price, make it specific, IE: what type and how many lines will be going overhead, then in the contract have it limited to those specifically, and if they want to do anything else they have to return to negotiate. Also you can negotiate any improvements to the area, ditches being cleaned out, fences repaired, gates, re sodding, etc. You are in the drivers seat...ask for the world then negotiate


Have they really caused cancer? Probably so. Never thought about making sure to limit the number of lines and have to renegotiate the price for any additions added on.

I wonder how long I can string him on. Would the city take over at some point? I'm sure I could get screwed if they did.


LSURussian
LSU Fan
Member since Feb 2005
85145 posts

re: Has anybody ever sold easement rights to a power/utility company?
I'm not qualified to give you advice on your situation but I'd sure like for you to let us know whatever the results are when you finish.


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Tigerpaw123
USA Fan
Louisiana
Member since Mar 2007
9809 posts

re: Has anybody ever sold easement rights to a power/utility company?
quote:

Have they really caused cancer?


it is one of those things, lots of claims, probably no substance, but could be used in negotiations, when you mention it he will quickly try to belittle the issue, so then ask him to remove from the contract any language that prevents you from going after the power company for any medical issues....again not something I would loose any sleep over but something to put a few more dollars in your pocket


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Tigerpaw123
USA Fan
Louisiana
Member since Mar 2007
9809 posts

re: Has anybody ever sold easement rights to a power/utility company?
quote:

Never thought about making sure to limit the number of lines and have to renegotiate the price for any additions added on.


limit the number and type of lines ie: electrical not cable or phone, what wattage, what color, anything you can to limit it to what they need now, in the future they will want to add new stuff and that means more money to you....once you sell it you can never get it back


iwyLSUiwy
Southern Fan
I'm your huckleberry
Member since Apr 2008
21398 posts

re: Has anybody ever sold easement rights to a power/utility company?
You think there would be a certain time limit I could hold out?


Tigerpaw123
USA Fan
Louisiana
Member since Mar 2007
9809 posts

re: Has anybody ever sold easement rights to a power/utility company?
quote:

You think there would be a certain time limit I could hold out?
Who knows how big of a hurry they are in, but if everybody else has already signed, I feel that is in your favor, I would really act un interested and always make them contact you

I was told by a real estate agent that after someone makes you a low ball offer, better than counter offering with your listing price, is just not even to respond....really sends a clear message


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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
7300 posts

re: Has anybody ever sold easement rights to a power/utility company?
Ask him approx how many sq ft of your one acre, 43560 sq ft parcel he intends to use for power lines/easement. Then tell him many renters fear cancer from voltage, and that type of stigmatization may cost you $. Then show him your property records to see how much your assessed value currently is. Whatever that number is, I'd start at 25% that value plus one year minimum rent due to concessions you'll have to make to current or future renters for inconvenience. Should project run over a year, you'll prorate it accordingly.

He won't pull out a check, but he'll know you are serious
This post was edited on 12/7 at 3:29 pm


RetiredG8tr
Florida Fan
Pensacola Fl 32503
Member since Nov 2012
44 posts

re: Has anybody ever sold easement rights to a power/utility company?
Remember, the government can take your land and pay you their fair market price.

I would probably try to lease the right-a-way. Remember, the right-a-way also includes new utility lines, etc.

Go for payments instead of an outright sale.....


MikeBRLA
LSU Fan
Baton Rouge
Member since Jun 2005
9662 posts

re: Has anybody ever sold easement rights to a power/utility company?
quote:

Go for payments instead of an outright sale.....


I agree 100%


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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
7300 posts

re: Has anybody ever sold easement rights to a power/utility company?
I am we'll aware of that, my point is by OP dropping knowledge to elec company they'll be much more inclined to pay fair market value. Fair market value has a system of checks and balances. And if its for one companies benefit (Margarittiville) as op eluded private contributions can be considered as well

The numbers being equal, I'd rather have lump sum before project starts
This post was edited on 12/8 at 8:07 am


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CE Tiger
New Orleans Pelicans Fan
Metairie
Member since Jan 2008
32798 posts

re: Has anybody ever sold easement rights to a power/utility company?
quote:

Remember, the government can take your land and pay you their fair market price.


this. if you refuse any offer, they will take you to court and get the land they need. evil power companies.


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TheOcean
Florida State Fan
Member since Aug 2004
31545 posts

re: Has anybody ever sold easement rights to a power/utility company?
In FL, the state must provide you with an attorney if the state wants to acquire private property. Is it not the same in LA?


iwyLSUiwy
Southern Fan
I'm your huckleberry
Member since Apr 2008
21398 posts

re: Has anybody ever sold easement rights to a power/utility company?
It wouldn't be the state acquiring it though right? Just Swepco.


LSURussian
LSU Fan
Member since Feb 2005
85145 posts

re: Has anybody ever sold easement rights to a power/utility company?
quote:

In FL, the state must provide you with an attorney if the state wants to acquire private property.


quote:

It wouldn't be the state acquiring it though right? Just Swepco.


You have to forgive The Ocean. He has proven over the years that he is borderline illiterate.


cwill
New Orleans Saints Fan
Member since Jan 2005
28008 posts

re: Has anybody ever sold easement rights to a power/utility company?
Get more $$$ and write into the contract the limitations on use you want. If you feel you need help with the contract hire a lawyer.


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iwyLSUiwy
Southern Fan
I'm your huckleberry
Member since Apr 2008
21398 posts

re: Has anybody ever sold easement rights to a power/utility company?
This is my first time here, this board is awesome. Threads hang around longer than on the M/TV board.

Y'all have been a lot of help. As soon as I make a decision/work a deal out I'm going to come update.


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