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Tractor Talk Discussion Forum

Re: what constitutes your rental/crop year?

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Dave from MN

04-04-2013 05:23:28
38.109.25.246



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My lease agreements state from date of agreement through Dec 31st of the last year stated on contract. Right now all are at 5-7 year agreements, with lease extention option amendments already written into the agreement to extend lease by two years after the first two years of lease. That way I do not get any just prior to spring surprises of losing land. I have great landlords, but with death and children with other ideas I have some pretty specific wording in it to honor the lease.

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SweetFeet

04-04-2013 06:04:08
70.35.103.74



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 Re: what constitutes your rental/crop year? in reply to Dave from MN, 04-04-2013 05:23:28  
Dave from MN,

5-7 years is really long term. We do 2 year contracts.

The end-time of the contract is what we question... though our renter is really great (I think we are going into years 6 & 7), what if he opted out at the last moment and left us holding the proverbial bag? Then one could have a difficult time finding a renter that year.

I think the renters just want a spring end-date just in case they did not get their crop off the land. But that virtually never seems to happen now days. I kind of like your December end-date. It seems safer from a landlord's perspective.

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