FARM LEASE - CASH OR CROP SHARES

 

            IDENTIFICATION OF PARTIES:

            It is agreed between the following parties:

            Landlord:                                                       Tenant:
                                                                                                                           

           Address:                                                        Address:
                                                                                                                           
                                                                                                                           

           Telephone:                                                     Telephone:                       

            DESCRIPTION OF PREMISES:

            The landlord shall rent to tenant the following premises described as:          
                                                                                                                         ,
 situated in                                        County, State of                                   , and
 containing                                   acres, more or less.

            TERM:

            This agreement commences on                                       , 20     , and shall
 run to and expire on                                   , 20     .

            RENT:

            The tenant shall pay the landlord rent in the amount of $                 , payable as
 follows:                                                                                                          ; or, in
 the alternative, the tenant shall pay the landlord as rent                % of crops or proceeds
 grown on the premises.

            USE OF PREMISES:

            The tenant shall use the premises for farming or agricultural purposes. The tenant
 shall prepare and plant any crops in a timely fashion.  The tenant shall only be entitled to
 pasture or plow those portions of the premises as designated by the landlord.  The tenant

 

This is not a substitute for legal advice.  An attorney must be consulted.
Copyright © 1994 - 2014 by LAWCHEK, LTD.

 

FARM LEASE FORM cont'd.

 

 agrees to farm the premises in a good and husbandman-like manner, and to seek to obtain
 the best crop production that the soil and crop season will allow.  Harvest of any crops
 planted on the premises shall be done in a timely fashion. If the tenant fails to do so, the
 landlord reserves the right, by himself or designated agents, to enter upon the premises and
 properly care for and harvest all growing crops, charging the cost of care and harvest to the
 tenant, as part of the rent.

            CARE AND MAINTENANCE:

            The tenant shall care for and maintain the premises including controlling soil erosion
 through the maintenance of existing water courses, waterways, ditches, drainage areas,
 terraces and tile drains, and the tenant shall abstain from any practice which will cause
 damage to the premises. The tenant shall not remove from the premises, nor burn, any
 straw, stalks, stubble, or other similar plant materials, all of which are recognized as
 property of the landlord.  The tenant, however, may use such materials upon the premises
 for the farming operations.

            TERMINATION OF LEASE:

            This lease shall automatically renew upon expiration from year to year, upon the
 same terms and conditions as expressed herein, unless either party gives due and timely
 written notice to the other of an election not to renew the lease.  All notices of termination
 of this lease shall be as provided by law. Upon proper notification of termination of this
 lease, the tenant shall relinquish possession of the premises to the landlord.  In the event
 that the tenant fails to do so, the tenant shall pay to the landlord $                    per day as
 liquidated damages until possession is delivered to the landlord.  At the time of termination
 of this lease, the tenant shall deliver the premises to the landlord in good order and
 condition and in substantially the same condition as it was received by the tenant at the
 commencement of this lease, except for excusable or insurable loss by fire, unavoidable
 accidents, and ordinary wear and tear.

            LABOR AND MATERIAL:

            The landlord and tenant agree that the parties shall supply the following labor and
 material to the premises for purposes of farming or agricultural operations as follows:

                                                                                    % Landlord      % Tenant

            Planting Operations                                                                            
            Combining and shelling operations                                                    
            Commercial fertilizer                                                                           

 

 

This is not a substitute for legal advice.  An attorney must be consulted.
Copyright © 1994 - 2014 by LAWCHEK, LTD.

 

FARM LEASE FORM cont'd.

 

            Lime and trace material                                                                    
            Weed control chemicals                                                                   
            Pest control chemicals                                                                     
            Weed spraying, weed or pest                                                           
            Machinery and equipment                                                                
            Cleaned seed                                                                                   
            Other                                                                                                 

            In the event that the lease is not renewed and the tenant has not received the full
 allocated benefits, the tenant shall be reimbursed by the landlord to the extent that the
 tenant has not received the full benefit. (Certain federal and state laws may apply to the
 use of chemicals, etc.  Proper authorities must be consulted.)

            LANDLORDíS RIGHT OF ENTRY AND INSPECTION:

            The landlord may enter upon the premises at any reasonable time for the purpose of
 performing agreed services, inspecting the premises, making repairs, or for other reasonable
 purposes.  Upon termination of this lease, the landlord may enter upon and plow the
 premises after the tenant has completed harvesting of crops.

            DEFAULT:

            If the landlord or tenant violates the terms of this lease, the other party shall have
 the right to pursue all legal and equitable remedies available by law.  The tenantís failure to
 pay any rent when due shall cause all unpaid rent to become immediately due and payable,
 without notice or demand by the landlord.

            RESERVATION OF CRIB AND GRANARY SPACE:

            The landlord reserves                % of all crib and granary space for storage of the rent
 share crops.

            LANDLORDíS LIEN AND SECURITY INTEREST:

            The tenant agrees, as an element of this lease, to waive and relinquish any rights of
 exemption to any of the tenantís personal property located on the premises from sale or
 seizure under distress or execution on property held at the time of the execution of this
 lease or thereafter acquired as the tenantís exemption applies to any claim of the landlord
 against the tenant resulting from any violation of any term of this lease.  The tenant grants

 

 

This is not a substitute for legal advice.  An attorney must be consulted.
Copyright © 1994 - 2014 by LAWCHEK, LTD.

 

FARM LEASE FORM cont'd.

 

 to the landlord, in addition to any existing statutory liens, a security interest as provided in
 the Commercial Code of the State of                                    and a contractual lien on all
 of the tenantís exempt and nonexempt personal property kept or used on the premises
 including, but not limited to, crops growing or grown on the premises, as security for all
 sums due or which will become due from the tenant to the landlord. At the landlordís
 request, the tenant shall provide the landlord with a list of potential buyers of the crops
 grown on the premises and shall sign financing statements prepared by the landlord to
 perfect the landlordís liens and security interest.  If a potential buyer is requested by the
 landlord, the tenant shall not sell any crop grown on the premises to any other buyer.

           BUILDINGS AND FIXTURES:

            The tenant agrees to maintain hedges and fences in good and proper repair. The
 landlord agrees to furnish the necessary materials for repairs that the landlord deems
 necessary, and shall furnish the material within a reasonable time after being notified of the
 need for repairs. The tenant agrees to haul the materials to the repair site without charge to
 the landlord.  The tenant agrees to maintain all well, windmill and water systems on the real
 estate in good repair at the tenantís expense, excepting such damage as caused by
 windstorm or weather.  The landlord makes no guarantee, either express or implied, relative
 to continuous or adequate supplies of water for the premises.

            IMPROVEMENTS AND ALTERATIONS:

            Any and all buildings, fences, improvements, or other alterations constructed or
 established upon the premises during the term of the lease by the tenant shall constitute
 additional rent and shall become the property of the landlord on expiration or termination of
 this lease.

            AUTHORIZATION FOR EXPENSES:

            The tenant shall not incur any expense for or on account of the landlord without first
 obtaining the landlordís authorization.  The tenant shall take no action that might cause a
 mechanicís lien to be established or imposed upon the premises.

            GOVERNMENT PROGRAMS:

            The landlord shall determine whether the premises shall participate in any offered
 program by the United States Department of Agriculture for crop production control or soil
 conservation.  In the event the landlord elects to participate in such programs, payments
 from such participation shall be divided as                  % for landlord and                 % for
 tenant.

 

This is not a substitute for legal advice.  An attorney must be consulted.
Copyright © 1994 - 2014 by LAWCHEK, LTD.

 

FARM LEASE FORM cont'd.

 

            DIVIDING AND ACCOUNTING:

            The method used for dividing and accounting for the harvested grain shall be the
 customary and usual method used in the location in which the premises is located.

            CHANGE IN LEASE TERMS:

            This lease shall not be altered or modified except in writing and signed by both
 parties as an addendum to this lease.

            DELAY IN GIVING POSSESSION:

            If the landlord does not deliver possession of the premises to the tenant within
 fifteen (15) days of commencement of this lease, the landlord or the tenant may
 terminate this lease by giving the other party notice in writing.

            ATTORNEY FEES AND COURT COSTS:

            If the landlord or tenant files suit to enforce any terms of this lease, the prevailing
 party shall be entitled to recover court costs and reasonable attorney fees.

            ASSIGNMENT AND SUBLETTING:

            The tenant shall not assign the tenantís interest in this lease or the premises without
 first obtaining the consent of the landlord.

            CONSTRUCTION:

            Words and phrases contained herein, including the acknowledgment, are to be
 construed as in the singular or plural and in the appropriate gender according to their
 context.  This lease agreement shall be interpreted and construed according to the laws of
 the State of                                                .  Any legal proceeding instituted to enforce
 provisions of this lease shall be maintained in                                         County in the
 State of                                         .

 

 

 

This is not a substitute for legal advice.  An attorney must be consulted.
Copyright © 1994 - 2014 by LAWCHEK, LTD.

 

FARM LEASE FORM cont'd.

 

            NOTICES:

            Any notice given pursuant to this lease shall be made in writing and delivered in
 person, or be mailed in U.S. mail, registered mail, return receipt requested, to the recipientís
 last known address.  The notice provisions of this section shall not apply to notice required
 to be given by state law in a specific or particular matter.

            ADDITIONAL PROVISIONS:

 

 

 

 

 

 

 

 

            Dated this                            of                                    , 20      .

 

            ___________________________            ___________________________
            TENANT                                                    LANDLORD

           ___________________________            ___________________________
              WITNESS                                                WITNESS

 

Attach Acknowledgment if necessary.

 

This is not a substitute for legal advice.  An attorney must be consulted.
Copyright © 1994 - 2014 by LAWCHEK, LTD.

 

This is not a substitute for legal advice.  An attorney must be consulted.
Copyright © 1994 - 2014 by LAWCHEK, LTD.

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