Farms are agricultural areas where animal, fruit, and vegetable bearing crops are grown. These products are then either sold to the market or used for other commercial purposes. However, aside from the products that the farms can give to the population, the land itself can also be a source for the income of the owner either through leasing it for a specific period or selling it to the buyer. Regardless of the purpose, the seller or the farmland owner must use farm contract forms to meet legal requirements and assure that the transaction will not lead to any issues and conflicts with the buyer and the authority.
Farm Lease Contract Form in DOC
What Is a Farm Contract Form?
A farm contract form is a document that is used to state the terms and the conditions of a general agreement associated with farming and farm matters. This document can also be used in varying formats such as in word document format or in a portable document file format. However, regardless of the format that a farmer or a farm owner will use for his legal contract, it is important to provide a duplicate for the other party and keep the signed contract with other essential documents that will serve as a proof that the agreement existed.
Varieties of Farm Contract Forms
The varieties of farm contract forms depend on why it is prepared and used, as well as who are the parties involved in the agreement. Below are the most common varieties of this form category:
1. Farm and Ranch Contract Form
This form is used for selling a farm and a ranch property. The form names the parties who are the seller and the buyer along with the property’s description and address. The sales price, a license holder disclosure statement, title policy and survey obligations, and other provisions up to the closing agreement provided by the seller or the farm owner are some of the significant matters to be discussed in this form.
The contact information of the buyer and the seller must also be stated in the form in the notice section to assure that each party will be sent with appropriate notice forms that are associated with the agreement contract. In addition to the details of the buyer and seller, the information of their individual attorneys must also be included such as the attorneys’ names, phone and fax numbers, and their electronic mail addresses.
Farm and Ranch Contract Form
2. Farmland Cash Lease Contract Form
Farmland leasing is now common throughout the world and the rent for these properties depend on what types of crops or plants the area grows. Some farmlands are also available to be leased for occasions and events such as weddings and family reunions. However, regardless of the purpose, when leasing a farmland, the owner must create a farmland cash lease contract form if he prefers to demand cash payment from his tenants for the period of their lease.
The form must be able to state the agreement terms of the landlord along with his rights regarding terminating the contract and placing agreement addenda when necessary. In the event that the tenant has some additional statements to supply for the contract, he must inform the landlord and write the general statements on the area provided at the end of the form with their signatures to fulfill the contract’s objective.
Farmland Cash Lease Contract Form
3. Farm Sale Contract Form
A farmland is a real estate property which is why selling it demands tons of legal forms and documents to prove that a transaction between the farm owner and a purchaser has been done. With this, a farm sale contract form is the definite type of document that the farm owner must have. This is where the list of documents associated with the sale are stated and enclosed as well as the parties are identified and the prices are agreed on. Financing, title reviews, and even termination clauses are also necessary to be included in the contract to assure that obligations and responsibilities are well notified to each party involved.
Farm Sale Contract Form
4. Short-Term Farm Lease Agreement Contract Form
This form is suitable for farmland owners who prefer to rent out or lease their farmland within only a limited period known as a short-term or month to month lease. The form mainly has two sections which focus on identifying the parties, naming the terms, presenting the price, and determining the period of the lease. The tenant’s plans for the land must also be enclosed along with other farm conservation plans, and the farmland’s insurance policy duplicate.
Short-Term Farm Lease Agreement Contract Form
5. Farm Workers Employment Contract Form
Artificial breeding workers, cultivator operator, and even egg gatherers are some of the employees who dedicate their work and time on a farm. To ensure that farm employees are well protected by the laws of the state and know what their benefits and rights are, a farm workers employment contract form is provided to them before they start their first day of work. This employment contract will state the name of the employee and the employer, the place of work and job description, as well as the wage information of the employee. The number of work hours that the employee needs to complete in a week or day is also stated along with the details of meal intervals, holiday policies, and employee leave procedures. To indicate the employee’s approval, the employee must affix his signature on the form with a legal witness and the employer’s presence.
Farm Workers Employment Contract Form
6. Farm Partnership Agreement Contract Form
This form is identical to a business partnership agreement form; however, it focuses on the roles and responsibilities of the parties regarding farming activities and the assets associated with the farmland. This form primarily names the parties which will then be followed by a preamble statement, the definitions, and interpretations of the phrases used in the contract, observed warranties, and indemnities, restrictions for each party as well as miscellaneous expenses expected to be provided within the period of the partnership.
Farm Partnership Agreement Contract Form
Inclusions Found in Farm Contract Forms
Not only are the terms and conditions of the farm owner stated in a farm contract form but also other important details regarding the agency who recommended the farmland to the purchaser or tenant and financial information which must be settled between the two parties. Below are some of the known inclusions and documents to be enclosed in a farm contract form to achieve a better documentation of the transaction:
1. Broker Agreement
This is significant for those farm owners who acquire the services through a brokerage agency in order to sell his farmland. The standard agreement will indicate the confirmation of the parties involved in the agreement about the validity of brokerage relationship. Additionally, the payments and the fees that the parties must provide to the broker for the completion of the transaction are also necessarily stated on this agreement, which must be signed by the seller, the buyer, and the broker to legalize the document and approve the terms.
2. Contract and Earnest Money Receipt
This receipt form is for indicating that the buyer has provided an earnest money or a specific portion of the required payment to supply proof of the buyer’s interest in the transaction of purchasing the farmland. The receipt must contain the amount of the earnest money, the name of the escrow agent, the date when the amount was given, and the contact information of the buyer along with his residential address.
3. Ratification and Option Fees
The purpose of having a ratification statement is to assure that the listing broker will be able to pay the other brokers who are involved in the sale of the farmland. On the other hand, an option fees area is to acknowledge the payment that the buyer gave for the seller to accommodate the option of terminating and closing the simple contract.
4. License Agreements and Certificates
Aside from the title or deed that the farm owner has for proving his ownership to a farmland, a list of the licenses and the certificate forms, which are up to date, must also be stated on the form. This is to inform the authority as well as the purchaser of the legal documents associated with the purchase. If the necessary licenses are not complete, then the owner must assure to acquire the license agreements or certificates immediately from a legal personnel to maintain accurate records of his property.
5. Financial Statements
This refers to the balance sheets and capital resources that are essential for a farmland business partnership. The division of profit and loss can also be included in this financial statement disclosure. All of these documents must be enclosed as part of the schedule sheets in the farm contract form.
6. Consent from the Spouse
If a farmland is jointly owned with the farm owner’s spouse, then it is significant that the spouse should sign a consent form to indicate that the contract is validated and approved for the transaction. However, if the spouse does not approve to the terms of the contract, then an addendum can be created or additional conditions may be stated on the form which will be agreed on by the parties.
With the aforementioned inclusions, farmland owners will be able to transact their partnership and agreements with their clients or purchasers legally and efficiently. All these documents must also be kept with a duplicate once signed to assure that a proof will be provided whenever it is a necessity for meeting the requirements of the state’s authorities. You may also check out contract forms in a doc
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