Posted by MarkB_MI on September 14, 2009 at 03:35:14 from (32.178.253.129):
In Reply to: Leasing agreement posted by Tractormiallis on September 13, 2009 at 19:14:50:
I have done it both ways. For one renter, I took a lease from a university extension web site and modified it for my purposes. The other renter provided a lease. I have had no problems with either renter, so I can't say which is better.
I think the important thing is to know your renter. Talk to his other landlords. Look at his fields, both owned and rented.
It's pretty likely that some situation will arise that isn't covered in the lease. For example, who gets paid if someone puts a pipeline across your property? I felt that the renter should get all the damages and I should receive payment for the easement; naturally he felt differently. (I kept the easement payment, by the way.)
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