Sounds like a win win situation. You get a lake you want and land you can use for land you have no use for. You also end a possible land dispute that could cost a fortune in legal fees. I’d do the land swap regardless of the lake. Usable land vs land you struggle to access and ending a possible legal fight. I’d also try to give him the Damn property also. Make the liability of the lake his problem and give the $10,000 as payment for the more valuable road front property not as a portion of the damn building cost and its liability. You won’t be completely off the liability hook because you will be signing off on the project but you would have some defense from ongoing maintenance liabilities.
Last edited by Daveinjax; 09/03/19.
