Posted by Bob Bancroft on March 15, 2010 at 08:18:03 from (12.213.80.36):
In Reply to: Land rent agreements? posted by Dave from MN on March 15, 2010 at 06:45:32:
I'm reading about a lot of legal concerns here, but nothing about a couple of pertinent issues. Here the town(under state law) requires a 5 year lease to qualify rented land for the agr. tax exemption. The same lease works nicely to satisfy the requirements of FSA for payments on rented land. One land owner(reluctant to a commitment) wrote in a simple lease that"it may be reviewed annually". From his point of view, I can't hold that against him. It may be a dangerous point of view, but I am more concerned with the land owner being happy about their commitment of their property. Therefore all leases may well read a little differently.
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