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#3541492 - 01/10/14 11:06 PM buying land when deer lease is present? help
reloadxx
8 Point


Registered: 10/20/11
Posts: 1282
Loc: Monroe TN

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ok fixen to buy my first big track of land well big to me 25acre and someone a (family member) has it leased till 2018. so when i buy the land does the hunter still have there lease or is the lease terminated due to it changing hands? never bought land before with a lease in place. i ask the owner of the property how the lease was writen and he said he dont remember he would have to find the contract. anybody ever been in this situation?
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#3541497 - 01/10/14 11:12 PM Re: buying land when deer lease is present? help [Re: reloadxx]
Big Ben
10 Point


Registered: 03/08/06
Posts: 3604
Loc: North of Nashville across the ...

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It's their lease if the payment has been made until 2018 unless there is written in it anything about the property changing hands voids the lease.
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#3541501 - 01/10/14 11:21 PM Re: buying land when deer lease is present? help [Re: Big Ben]
JMcB
4 Point


Registered: 08/19/04
Posts: 425
Loc: E.TN

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The closing should be handled by a title attorney. Either you or the current owner (or a realtor if one is involved) will select the title company. Once you know who will handle the closing, give them a call to discuss the status of the lease. The title company should not charge you for the information since they will be performing a title search on the property as part of their service to handle the closing.
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#3541509 - 01/11/14 12:08 AM Re: buying land when deer lease is present? help [Re: JMcB]
plinker22
16 Point


Registered: 02/07/05
Posts: 12880
Loc: Mountians of East Tennessee

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I would have never thought of that being an issue. Thanks for the heads up.

Hope it works out right for you. Would this be a deal breaker? Would you receive the lease $$$. Surely it was not all pre-paid.

Keep us posted. This could be real interesting.
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#3541510 - 01/11/14 12:18 AM Re: buying land when deer lease is present? help [Re: plinker22]
pass-thru
10 Point


Registered: 10/10/04
Posts: 3628
Loc: va beach

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Does a hunting lease run with the land? If so, wouldn't it have to be recorded on the deed? If it's not, isn't it just a contract between the previous owner and the lessee? How could they be in position to enforce lease terms with a new owner if he wasn't a party to the contract?
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#3541513 - 01/11/14 12:21 AM Re: buying land when deer lease is present? help [Re: Big Ben]
Nealmeally
8 Point


Registered: 12/20/10
Posts: 2426
Loc: TN

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 Originally Posted By: Big Ben
It's their lease if the payment has been made until 2018 unless there is written in it anything about the property changing hands voids the lease.


I agree. If there's nothing in writting saying "if land is sold the lease goes with it" then sorry bout their luck. If it is and they can continue to hunt it 4 more years then I'd rethink buying it. Especially if you were buying it mainly for hunting.. Just my opinion.. If I'm buying land I sure don't want nobody else on it!!
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#3541520 - 01/11/14 12:52 AM Re: buying land when deer lease is present? help [Re: Nealmeally]
reloadxx
8 Point


Registered: 10/20/11
Posts: 1282
Loc: Monroe TN

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I'm buying the land to put me another house on like I need another done have 2 but I'm needing a bigger house to many kids. But the land will be hunted by me and the kids also but I'm like some if I buy land I don't want every tom dick and hairy all over it and me and the kids worry about being shot the lease was all paid up front I do no that guy was needing money so that was fast cash. Besides if they still get to hunt it they want see much with a dozer and tractor running all the time
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judge if you want were all going to die i intend to deserve it

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#3541529 - 01/11/14 01:51 AM Re: buying land when deer lease is present? help [Re: reloadxx]
Inkstainz
14 Point


Registered: 08/23/12
Posts: 7707
Loc: Memphis, Tennessee

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We'll I'm not sure how that is going to work out for you tbh
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#3541537 - 01/11/14 02:55 AM Re: buying land when deer lease is present? help [Re: Inkstainz]
LA man
18 Point


Registered: 05/31/03
Posts: 20845
Loc: spencer, tn/houma, la.

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In my opinion its your land. Lease is nul and void
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#3541541 - 01/11/14 03:44 AM Re: buying land when deer lease is present? help [Re: reloadxx]
Carlos Viagra
16 Point


Registered: 11/20/04
Posts: 14240
Loc: Cumberland Plateau

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 Originally Posted By: reloadxx
I'm buying the land to put me another house on like I need another done have 2 but I'm needing a bigger house to many kids. But the land will be hunted by me and the kids also but I'm like some if I buy land I don't want every tom dick and hairy all over it and me and the kids worry about being shot the lease was all paid up front I do no that guy was needing money so that was fast cash. Besides if they still get to hunt it they want see much with a dozer and tractor running all the time


Yes, he's probably a slob hunter, this is dangerous for you and your family, kick him off the property ASAP even if you don't end up buying it..... it's a safety issue, we all know how deer hunters are.
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