Tuesday, December 12, 2006 11:57:07 AM
Just because the purchase/lease arrangement is used doesn't mean that it's dishonest or even unethical. My father used such an arrangement in the 1950s. Although the rent went up anytime the company had a good year, it was still a) reasonable, and b) below market rates.
It would be nice to know who our new landlord is. We'll find out soon when the public records are updated. If anyone knows a Realtor in the Natchez area, ask if the price and owner have been entered yet on the local RE Board system.
Dino
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