LAND LEASE AGREEMENT
This Land Lease Agreement (the "Lease") is made on [date] between [landowner name], with address at [address] (the "Landlord"), and [tenant name], with address at [address] (the "Tenant").
1. Premises
The Landlord leases to the Tenant approximately [number] acres of land located at [address or location], [county], [state], parcel number [parcel], as shown in Exhibit A (the "Land").
2. Permitted Use
The Tenant may use the Land only for [farming / grazing / storage / parking / placing a manufactured home / building a [type] facility] and for no other purpose without the Landlord's written consent.
3. Term
The Lease begins on [start date] and ends on [end date]. [The Tenant may renew for [number] additional terms of [number] years by written notice at least [number] days before the end of the term.]
4. Rent
The Tenant will pay USD [amount] per [month / year / acre per year], due on [day]. Rent increases by [percentage]% [each year / at each renewal]. Late rent carries a fee of USD [amount].
5. Taxes, Utilities and Insurance
[The Landlord / The Tenant] pays property taxes. The Tenant pays utilities it uses and keeps liability insurance of at least USD [amount], naming the Landlord as additional insured.
6. Improvements
The Tenant may build [fences, sheds, wells, buildings] with the Landlord's written approval of the plans. At the end of the Lease, improvements [become the Landlord's property / must be removed by the Tenant within [number] days / are bought by the Landlord at [fair market value / a set price]].
7. Care of the Land
The Tenant will follow good land practices, comply with environmental laws, control weeds, and not dump waste or hazardous materials. [For farming: the Tenant will follow the crop and soil plan in Exhibit B.]
8. Access and Hunting
The Landlord may enter the Land with [number] hours notice. Hunting, mineral, water and timber rights [are reserved to the Landlord / are included as follows: [details]].
9. Assignment and Subletting
The Tenant may not assign or sublease without the Landlord's written consent.
10. Default and Termination
If the Tenant fails to pay rent or breaks the Lease and does not cure within [number] days after written notice, the Landlord may end the Lease as allowed by state law.
11. Governing Law and Signatures
This Lease is governed by the laws of the State of [state]. The parties agree to sign it electronically.
Landlord Name: [name] Signature: ______________ Date: [date] | Tenant Name: [name] Signature: ______________ Date: [date] |
