New Lease Offer Letter

T145N/R99W Sec 9

Just got a letter indicating an offer of 5Y / $1500 / 19%. The property has been unleased for several years… not sure why the sudden interest. Can anyone share any thoughts or advice?

(I posted this as a reply to another topic… should’ve made it a new topic here, I guess… sorry for duplication!).

There are increasing permits in 145N-98W, so someone may be trying to get ahead of the curve in 99W. Personally, I would not go for the 5 year. My max is three years. Suggest you get an attorney to review the draft lease as it will need changes. There are several groups leasing in the township so you may get more offers.