3% Lease Increase per Year

[warrington]

Property taxes go up that much each year

Remember when one group leaves a lease the price of the next leasee is usually 15% highee

[TENRMORE]

The landowner is being up front with you. That's a change from what I read on here and from what I have experienced myself. A 3% increase per year is less than what we have experienced I can tell you that. You actually have the advantage of planning into the future to the point that it will be to expensive or exceed its personal worth. If you are happy with the lease and its worth a 3% value increase per year, keep it.

Im assuming the 3 year contract was a set price?

Set price for two years with possible 3% increase the third year...which he is going to go up the 3%. Th new contract will 3% per year but we haven't talked about years or length of contract.

Thanks again for all the advice...and being positive about most comments, I've seen these threads turn for the worse...