We received an offer for $300/NMA for 3 years with 25% royalty for Lots 1-5 of of Block 4, TVGAC in Section 256, A2837, Block 13, H&GN RR Co survey. This is for our half of a 25 acre spot. The lease specifies free access to the water, and a 2-year option to extend the lease at a pro-rated bonus prices ($200/NMA for 2 years)
The company is pressuring us to sign because "that's the same offer she gave to another family member". I don't have enough information to tell whether this is a fair offer, though the party lacking in information is usually at a disadvantage!
Any advice would be greatly appreciated! Thanks!