Q: I have land with multiple rentals on it. The gas company wants to drill on my property or the one next to mine.
My question is if they buy out my property to set up a drill pad, should I try to negotiate for not only the replacement cost of the buildings, but the lost income of the property? The lots are only 100' wide, so any drilling will affect multiple plots. There are 5 rentals beside my home plus multiple buildings used for maintenance and storage of renters property ( an extra fee, so they produce more income) producing $4800/mo. I am not looking to sell, but if they get the green light to drill I would not be able to have tenants pay to live in the conditions of living next to an active well, so I do feel coerced to sell if asked. These rentals were expected to allow me to retire at age 60 ( 9 years away) but if I sell, I would not have much after paying off mortgages, building a new home and moving expenses.
A: Yes you need to negotiate to get everything you will lose. I negotiate these purchases all the time.
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