Re: How about free?

Posted by slim on August 14, 2003 at 08:47:54 from (155.76.119.253):

In Reply to: How about free? posted by Indydirtfarmer on August 14, 2003 at 04:42:55:

You've gotten some pretty good advice below. Here's our situation. My mother rents out about 40 acres of pasture. Her previous renters have only wanted year to year leases. Multi year locks them in also not just my mother and they don't want to be locked in longer than a year.

She only changes renters when one retires or no longer needs her land. So usually the prior renter neglects fences and such during his last year and the new renter has a lot of work to do. Her solution is to give a cut in the rent for the first year while the new renter fixes fences. The following years she gets full price.

So maybe you could work out a similar arrangement. You could get a cut in price the first year while you establish the hayfield. You probably won't get as much hay off of it to sell the first year anyway. Then the following years you will pay full price. Instead of multi year, I would lean toward an option to rent for following years. She gives you first option at meeting the next best bid. This gives you flexibility to get out after a short time if the arrangement is not working out for you whatever the reason; i.e. health, finding more land to purchase, whatever.

Just my opinion.

slim

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