Simple Farm Lease or Rental
What is this form?
The Simple Farm Lease or Rental form allows landowners (Lessors) and tenants (Lessees) to create a legally binding agreement for leasing farmland. This form outlines the terms and conditions of the lease, including payment obligations and the permissible use of the land. Unlike more complex lease agreements, this form is straightforward and suitable for typical farming activities and livestock operations. It ensures both parties understand their rights and responsibilities regarding the leased property.
Form components explained
- Grant of Lease: Identifies the parties involved and describes the leased property.
- Term and Payment: States the duration of the lease and the payment structure (monthly or yearly).
- Consequences of Breach: Outlines the actions a Lessor can take if the Lessee fails to comply with the lease terms.
- Special Provisions: Space for any unique clauses or conditions agreed upon by both parties.
Common use cases
This Simple Farm Lease or Rental form is necessary when a landowner wishes to lease agricultural land to a tenant. It is ideal for both short-term and long-term farming or livestock agreements, providing clear terms to prevent disputes. Use this form when negotiating the use of land for crops, grazing, or other agricultural purposes.
Intended users of this form
- Agricultural landowners seeking to lease their property.
- Tenants looking to rent farmland for agricultural use or livestock.
- Individuals or businesses involved in farming who require a straightforward lease agreement.
How to prepare this document
- Identify the parties: Fill in the names of the Lessor and Lessee.
- Specify the property: Enter the size of the land being leased and its location.
- Define the purpose: Indicate how the land will be used (e.g., farming, livestock).
- Enter dates: Specify the lease commencement and expiration dates.
- Detail payment terms: State the rent amount and payment frequency (monthly or yearly).
- Include any special provisions: Add any additional terms that apply to this lease.
Is notarization required?
This form does not typically require notarization unless specified by local law. However, it is advisable to consult local regulations to ensure the agreement is legally valid and enforceable.
Common mistakes
- Not clearly defining the property boundaries or description.
- Failing to specify the duration of the lease.
- Omitting payment terms or amounts.
- Neglecting to highlight special provisions or agreements.
- Forgetting to include necessary signatures from both parties.
Why complete this form online
- Convenience: Download and complete the form from anywhere, anytime.
- Editability: Customize the lease terms to fit specific agreements.
- Reliability: Access templates created by licensed attorneys, ensuring legal compliance.
Form popularity
FAQ
Rent Paid for Agricultural Land At $138 per acre, the average rate to rent cropland in the United States in 2018 was $2 higher than in 2017. For irrigated cropland, the average rate per acre was $215 (up slightly from $212 in 2017) and for non-irrigated cropland it was $125 (up from $123).
If the soil is decent, and there is no infrastructure such as buildings, municipal water, fencing, etc. a reasonable cropland lease rate might be $75 per acre/year. Landlords and farmers should not, however, base rental rates solely on benchmark data like NASS county-level data.
Farm Land Leases In a typical cash rent lease, the tenant is obligated to pay a set price per acre or a set rate for the leased land. With this form of lease, the tenant bears certain economic risks, and the landlord is guaranteed a predictable return, regardless of commodity prices.
The difference between lease and rent is that a lease generally lasts for 12 months while a rental agreement generally lasts for 30 days.That means the landlord can't raise the rent without your written consent or evict you without cause, and you can't stop paying rent or break the lease without consequence.
The lease is mutually beneficial. A tenant can't stop paying rent or vacate the property during the lease term this is a violation of the agreement.A rental agreement, by contrast, is a month-to-month agreement. At the end of each 30-day period, the landlord and tenant are both free to change the terms.
Essentially, this means that a lease could be invalid and unenforceable without these three legal elements: exclusive possession; the premises; and. a certain term.
One acre of farmland in the UK can cost in 2019 2020 between £12,000 A£15,000 depending on where it is located. But it can be very expensive if it is located right next to your home say in the field next door. Then you could pay up to A£50,000 for just that one acre.
Rent Paid for Agricultural Land The average rate per acre for irrigated cropland was $216 (down from $220 in 2019) and non- irrigated cropland was $126 (down from $127 in 2019). For pastureland, the average rental rate per acre at $13 is the same as 2019.
Choose An Arrangement. First things first, you have to decide if you want to request cash upfront or a share in the cost and profits of the harvest. Market the Land. There are several ways to market your land. Do Your Homework When Choosing a Farmer. Use a Formal Lease. Insurance and Taxes. Adhere to the Lease.
