What happens if someone else rents or buys the land during the 5-year contract?
These carbon contracts are transferable to a new landowner or renter, as the credits are dependent on a full 5-year compliance. A system of subcontracts is used for the succeeding land operator. We expect contract-holders to notify us either through the annual re-certification or any other time there is a change in operational control. Arrangements will be made to replace the original parent contract with a sub-contract to the new operator. If a new subcontract cannot be obtained, the original contract holder is responsible for repaying any payments earned on land that is not being maintained in the carbon credit contract.
