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Leasing question #3361622
02/25/21 11:39 PM
02/25/21 11:39 PM
Joined: Jun 2015
Posts: 128
Hoover, Al
S
Smann Offline OP
3 point
Smann  Offline OP
3 point
S
Joined: Jun 2015
Posts: 128
Hoover, Al
When a group or individual leases a property is there usually a clause in there about re-leasing? Meaning the current leasor gets first opportunity to renew a lease?

Re: Leasing question [Re: Smann] #3361634
02/26/21 02:12 AM
02/26/21 02:12 AM
Joined: Apr 2017
Posts: 27
Alabama
U
Uncle10point Offline
spike
Uncle10point  Offline
spike
U
Joined: Apr 2017
Posts: 27
Alabama
Yes

Re: Leasing question [Re: Smann] #3361709
02/26/21 08:31 AM
02/26/21 08:31 AM
Joined: Mar 2013
Posts: 11,308
Clanton
Turkey_neck Offline
Booner
Turkey_neck  Offline
Booner
Joined: Mar 2013
Posts: 11,308
Clanton
Most just rollover year after year and stay the same except price.


Would walk over a naked woman to get to a gobblin turkey!
Re: Leasing question [Re: Smann] #3363362
02/28/21 07:08 PM
02/28/21 07:08 PM
Joined: May 2020
Posts: 64
Millbrook, Ala.
S
Stoney Offline
spike
Stoney  Offline
spike
S
Joined: May 2020
Posts: 64
Millbrook, Ala.
Sometimes it depends on whether the lease is with an individual or a timber company. Also, with a timber company they can come in at anytime and cut or thin the lease. Sometimes they tell you in advance and sometimes you know nothing until you drive in and see timber cut. Hopefully they don't do it during hunting season, but spring is when they usually start.

Re: Leasing question [Re: Smann] #3363820
03/01/21 11:43 AM
03/01/21 11:43 AM
Joined: Apr 2013
Posts: 3,952
Alabama
R
Rmart30 Offline
10 point
Rmart30  Offline
10 point
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Joined: Apr 2013
Posts: 3,952
Alabama
Most do yes but. if you read closely in your lease papers even though they "say" its for 5 years its in there that they at any time can break the lease with you. Learned that from a un named large Alabama coal company.


Ethical behavior is doing the right thing when no one else is watching - even when doing the wrong thing is legal. Aldo Leopold .. (except when it comes to trailer tags)
Re: Leasing question [Re: Smann] #3363863
03/01/21 12:15 PM
03/01/21 12:15 PM
Joined: Nov 2011
Posts: 6,358
A
abolt300 Offline
12 point
abolt300  Offline
12 point
A
Joined: Nov 2011
Posts: 6,358
Most leases are in a single individual's name, not the name of a hunting club. The actual lease will list a specific individual who will supply the club name and a member list. If the person on the lease fails to or elects to not renew, then the lessor is under no obligation to offer the lease to the other club members. It is good practice to do so, but there is no formal obligation for the landowner or timber company to do so. Also, in most cases, if they do offer an existing club member the opportunity to pick the lease up, they will generally use that as an opportunity to re-price the lease and bring it up to current market rate. Timber companies are especially bad about doing this.


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