whydoiexist wrote:Babel wrote:
"You represent John Sobieski, a retiree, who owns 350 acres of pastureland and forest near Cumberland, Maryland. About 330 acres of this tract are grasslands, suitable for pasturing livestock, with the remainder being heavily forested.
A decent-sized but slow-moving stream flows through the property, almost entirely in the heavily forested portion. Eventually, John wants to keep the property in his family, but in recent years his own use of the property has been limited to fishing in the stream, hiking in the forest, and gathering firewood for his personal use.
John's financial planner has recommended that he sell the property. John's nest-egg retirement investments are not doing as well as he had expected, and John is in need of additional cash. He reluctantly has come to the conclusion that he must lease his land. His financial planner has told John that within seven or eight years, he should be able to without the rental income. John is unwilling to give up the property for longer than eight years because he does not think he could bear to give up hiking and fishing on the property for any longer period.
John's real estate agent has told him that the market rate for renting land of this sort in this area is between 75-90 USD per acre per year, or between 26.250 and 31.500 for the entire tract.
The real estate agent also says that sometimes the presence of a stream will increase the rental value as much as 12-36 USD per acre, which would yield an additional 4200-12600 annual rent for the property. If the pastureland were fenced, it would bring a higher rental. However, Sobieski cannot afford the 24.000 USD it would take to fence the pastureland.
John asked you to negotiate the best possible deal you can that both satisfies his requirements and yields a fair market rental for the property.
You are meeting at your office."
im not reading that congratulations or my condolences
that's what my exam might look like tomorrow, so condolences are in order