I recently purchased a home and 6.6 acres. We realized that a local farmer was planting on part of our land. When we questioned him he produced a document that showed he has a 30 year lease that he payed a lump sum of $4600. the agreement was signed by the owner of the home at that time. The house has sold twice since. Now what? Are we bound to the terms of this deal made by a previous owner? It was not discovered during the title search. I will be contacting the title company on Monday for further info.
Thanks for any help.
Thanks for any help.