How Do You Write Farm Lease Agreements?
As the owner of farmland, leasing the property to another individual may be your goal. Consequently, you need to familiarize yourself with the basics of how to write farm lease agreements. Although there are some minor differences in the laws governing farm lease agreements from one state to another, the major features of these statutes are the same. Through understanding the process and practice of leasing you can generate what can amount to a healthy living from otherwise idle farmland. Confirm the legal description of your farmland. Unlike a residential lease agreement that simply contains the common or street address, a farm lease agreement ideally identifies the real estate to be leased via its legal description. Establish the rent for the lease. Ideally, your lease agreement will provide for rent that is paid in two ways. First, the tenant will pay a base fee for each month he or she is in possession of the property. Second, part of the rent will include a percentage of the crops
