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| I'm in farm real estate and sell farms frequently with 1 year remaining and have found no adverse effect on the sales price. I often have the seller credit the buyer a typical/realistic cash rent at closing (regardless of what the actual lease is) and it's business as usual for the tenant for the last year. That is more so the new buyer and tenant don't have to mess with anything or work with someone they may not know. The actual amount credited seems to matter very little once the auction gets going. Obviously any credits to a buyer is up to the seller. Only you can decide whether to exercise your tenant's rights or accept a buyout. I would argue the excess fertility does offer value to them and any potential buyers. If its substantial, I've seen it included as part of the marketing. Any chance they would let you bring a buyer in privately (not auction) that you could continue to farm it? You mentioned them not being nice, buy that certainly wouldn't hurt to try if you have someone. | |
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Farm lease value??
