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Lease for a rural property or farm.
A lease agreement is a legal contract that sets forth the rights and obligations of both parties in relation to the use of real estate. The purpose of a lease agreement is to define the relationship between the landlord and tenant for the duration of the lease term.
Farm leases are usually written in standard form, so that both parties understand the terms of the agreement. The lease should include all relevant information, such as the length of the lease term, rent amount, and other details.
Tenants and landowners have the right to have the terms of the tenancy agreement put into writing. The use of written agreements by tenants and owners is strongly encouraged to prevent disputes arising during the tenancy.
The lease agreement includes details of the land to be leased, identification of the partners to agreement, term of agreements (and options if applicable), rent and rental period, landowner’s obligations, tenant obligations, conflict resolution process, any special conditions, property access, land stewardship. Lease Agreement (Farm Lease Agreement)
