Announcement

Collapse
No announcement yet.

Lease size discrepancy

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Lease size discrepancy

    What would you call an acceptable amount that a lease could be off +/- on acreage? A lease I'm on, our contract states one amount but when I pulled the appraisal district map, the land is smaller than what is actually stated in the contract. I guess this is covered in the lease +/- or approx. verbiage?

    #2
    better not be much, 25-50 ac
    anyone who owns land knows exactly how much I'm sure

    Comment


      #3
      Well

      Originally posted by Colter View Post
      What would you call an acceptable amount that a lease could be off +/- on acreage? A lease I'm on, our contract states one amount but when I pulled the appraisal district map, the land is smaller than what is actually stated in the contract. I guess this is covered in the lease +/- or approx. verbiage?
      I guess you can always address it with the landowner. Maybe you will still be on the lease afterwards, or you may want to look for another one.

      Comment


        #4
        Originally posted by flywise View Post
        better not be much, 25-50 ac
        anyone who owns land knows exactly how much I'm sure
        I would have to agree with that. If someone is leasing land and is putting it in a contract they know how much land it is.

        Comment


          #5
          I could see an land owner using +/- if he plans on possibly closing off an area to hunting for his cattle or for family use. But I would expect that to be worked out before money changed hands

          Comment


            #6
            5% on a 5000-ac lease is 250 ac but on a 100 ac lease it's 5 ac--just saying it depends on the size of the lease as to the real effect aside from maybe the landowner stretching things a bit.

            If you are paying by the acre, I'd have to ask to have the price adjusted accordingly--

            Comment


              #7
              It could be that they are only leasng you a portion of their property, that's pretty common. Lots of land owners out there that own thousands of acres and just lease out a certain portion of it

              Comment


                #8
                It would depend on the size of the property. 25-50 acres isn't much if it is several thousand acres but it is significant if it is a couple hundred acres.

                Comment


                  #9
                  If you aren't used to reading appraisal district maps or researching properties on an appraisal district then it could be deceiving. Just looking up the address may not be the entire property if it's split up--I see this a lot at the bank.

                  Comment


                    #10
                    I would be concerned with any discrepancy and would ask about it for sure. Unless I was the guy that was gaining land.

                    Comment


                      #11
                      Fishy

                      Comment


                        #12
                        The lease I was on last year in Mason was contracted at 1000 plus acres, after doing a little research I found out it was 705 acres

                        Comment


                          #13
                          Originally posted by careybirdwell View Post
                          The lease I was on last year in Mason was contracted at 1000 plus acres, after doing a little research I found out it was 705 acres
                          this is not all that uncommon....unfortunately

                          Comment


                            #14
                            Originally posted by HoustonHunter View Post
                            If you aren't used to reading appraisal district maps or researching properties on an appraisal district then it could be deceiving. Just looking up the address may not be the entire property if it's split up--I see this a lot at the bank.
                            This

                            Comment


                              #15
                              Thanks for the info. The CAD maps are pretty straight forward and by my calculations we are about 20% short of what is listed in the lease.

                              Kind of a slippery slope how to address it. Not really wanting to **** off landowner or lease representative/agent and get kicked off.

                              Comment

                              Working...
                              X