We have been approached for a potential lease for a wind farm on 300ish acres in north central texas. I met with a representative today with the following info:
They are currently offering us $10 an acre for a 6 month window on the exclusive right to negotiate a lease agreement. We were contacted by another company about 1year ago, but never moved towards negotiating anything.
The rep claimed the farm is going to be built, with construction starting next spring. I don't know if this is true or just posturing.
I haven't signed anything and will have a contract lawyer review before I do, but I was wondering if anyone else had any experience/thoughts on the process?
They are currently offering us $10 an acre for a 6 month window on the exclusive right to negotiate a lease agreement. We were contacted by another company about 1year ago, but never moved towards negotiating anything.
The rep claimed the farm is going to be built, with construction starting next spring. I don't know if this is true or just posturing.
I haven't signed anything and will have a contract lawyer review before I do, but I was wondering if anyone else had any experience/thoughts on the process?