Legal-Ease: Components of a good farmland lease

Many landlords and tenants could benefit from better farmland leases. Sometimes, the seemingly simple act of defining each party may be more complex than one assumes.

More complicated agreements such as “hybrid leases,” which contain elements of cash rent and crop-share, rely on formulating payments based on yield and crop prices. Other basic items such as lease duration or payment schedule could create pitfalls if both parties have not clearly established them. A good farmland lease will address these concerns, among others.

Legal-Ease: Normal wear and tear on rentals

Many people are aware of the term “normal wear and tear,” but it can be murky defining what exactly normal wear and tear can be.

Normal wear and tear refers to normal use by the tenant that means that certain items, such as carpet, will wear, and that other items, such as latches and door handles, will break from normal use.