More Lease Questions

Hello Everyone,
My parents leased their land in Natchitoches Parish five years ago for very little. The lease is set to expire next March 2011. There is a re-lease clause in the contract.
My question is...Is there anyway to get out of the re-lease clause? I'm afraid I know the answer but was hoping someone had a magic remedy.

Thanks,
Dennis

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Permalink Reply by Mac Davis on December 6, 2010 at 15:39
If they send you a check to renew, be sure to check that the check comes on time, including being postmarked before the deadline. Don't cash it if it's late. A number of people have reported that they have not gotten renewal checks until after the deadline. I don't know if anyone has actually gotten out of a lease this way.

How many acres is it for?

Section, Township, Range?
Permalink Reply by Dennis on December 7, 2010 at 6:31
The lease is for 40 Acres. I'm not sure of the exact location but I believe the Township is 09W and Section is 01. The Range I don't know.

Thanks for the info. I was afraid of that.

Dennis
Permalink Reply by The_Baron on December 7, 2010 at 8:18
sec.-T-R will be on your lease.
Permalink Reply by The_Baron on December 7, 2010 at 4:19
If they pay on time, your lease is extended.

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