If you signed a industrial solar lease and/or considering on signing or resigning (and many of them are expiring) , consider this - you own the land BUT!-
YOU ARE ALWAYS RESPONSIBLE FOR WHATEVER HAPPENS ON THAT LAND!
You need to think more than money…think liabilities.
Change of ownership
If the company sells the lease to another company, the contract is null and void and a new contract must be negotiated with the land owners. New contracts can be negotiated for much less money. If the land owner is not happy and files a lawsuit, this cost even more money. No matter how good your current contract is, you are not in control of the next one. You now have panels on your land. What do you do then?
Options in the contract:
Most contracts give exclusive rights to the company and none to the land owner. Examples: the company has the right to cancel the contract at any time for any reason, but the land owner does not have this option. It is very hard for a land owner to get out of the contract. The company retains the right to sell the solar facility, including the lease at their discretion to anyone of their choosing.