Cows, horses, and bulls are some of the known animals which live on grasslands or pastures. And since raising these animals can be costly for some pasture owners, pasture rentals and leases are being offered to animal owners. Pasture lease agreement forms are used by pasture owners to lease out their properties to a tenant who will be providing regular rental payments to the landlord. With a pasture lease agreement form, the landlord and the tenant will be able to determine and finalize what the terms and conditions for the lease will be. It is essential that all involved parties are aware of the terms and have examined each statement or item in the agreement form to ensure that all negotiated details are incorporated in it before the signatures of the parties will be affixed.
Since there are different types of pastures, there are also different variations of pasture lease agreement forms which can be decided by the landlord to suit his pasture property needs as well as the legalities of the State or country where his land property is located. Below are some examples of pasture lease agreement forms which can be used by both a land property owner and the tenant who will be negotiating for leasing the owned pasture land:
Farmland Pastureland Lease Agreement Form – This variety of pasture lease agreement form is intended to be used by a lessor for leasing out a piece or a parcel of his owned pasture land. The form contains twenty-eight articles which are crafted to cater all the necessary terms and information about the lease. The first article of the form centers on the general agreement including the preliminary recitals which identifies who the lessor and the lessee are. The second and third article states the terms and the fees or rental payments agreed upon by both parties. While the fourth, fifth, and sixth article lay out the individual responsibilities and obligations of the lessor and the lessee. Then, an insurance statement is indicated in the seventh article of the form which is followed by an indemnification and hold harmless certification as the eight article. Moreover, subleases, defaults, remedies, and lease termination matters are also required to be stated in the form along with other items which are necessary for achieving an effective and executable agreement between the lessor and the lessee.
Pasture Cash Lease Agreement Form – Among other pasture lease agreement form varieties, this document is the most used by pasture landowners. The purpose of the form is to significantly determine the payment method chosen and negotiated by the parties and enlist the terms to be mandated by the landowner to his tenant or lessee. In the form, the names and address of the lessor and the lessee are primarily stated with the date of when the agreement was created. The definition of the terms which are used in the agreement is then indicated within a section in the form to ensure that both parties have the same understanding of what is being defined in the form. Then, the descriptions of the land, establishments, and other structures included in the lease are incorporated in the form which will distinguish which portion of the landowner’s properties will be rented out and paid by the lessee. Demise, annual rentals, taxes, resource protection, and arbitration statements are also included in the form along with details of lease amendments and rules to be executed by the parties. To complete the form, the pasture landowner must have a notary attorney attache a notarization seal on the form along with his and the lessee’s signatures.
Wheat Pasture Lease Agreement Form – This type of form is preferably used by lessor’s and lessee’s who aim to be in a lease agreement wherein the lessee will provide the cattle and the lessor is the pasture landowner. Both parties will have more benefits when it comes to using this type of agreement especially if the compensation and other payments are based on the weight gain of the lessee’s cattle. There are ten paragraphs of articles in a wheat pasture lease agreement form. And although the number of paragraphs or agreement articles are fewer than the other two examples of forms, this document is still effective in maintaining a well-balanced and efficient pasture lease. Moreover, it is significant that the permitted number of animals in the lessor’s pasture are defined in the form as well as the types which are accepted for breeding and other purposes. Other contents which are important to be discussed in this lease agreement form includes the shipping risks and liabilities to be considered by both the lessor and the lessee, the responsibilities of both parties in furnishing the documentation and procedures for recording the death of an animal in the field, as well as the computation of the worker’s compensation and the payments to be provided by the lessee to the lessor within the period of the lease.
Completing and creating a pasture lease agreement form is easy yet it is important that the parties involved will ensure that the terms and inclusions in their agreement have met the requirements of the State and the country with regards to pasture leases. To complete a basic pasture lease agreement form, the steps below should be followed:
Step 1: Begin with the recital section. In the recital section of the form, the identifications of the parties will be stated such as the names of the lessor and the lessee, their addresses, and their representations or the company and organization that they are representing.
Step 2: Add a property description. The property description must state the approximate measurement of the land which will be leased out to the lessee along with its exact address.
Step 3: State the general terms of the lease. The term or period of the lease, the type of lease that the parties have agreed upon, the reviews and amendments and the partnerships which are allowed by the lessor, as well as the rights of entry and the procedure of property transfer to be conducted should all be stated in this section of the lease agreement form. Additionally, if there are animals involved, then the animal units and specifications must be included to be indicated along with the number of heads and stocking rates.
Step 4: Define the operation and maintenance obligations of each party. Maintaining a pasture or a field full of plants and animals is not an easy task which is why in the form, the obligations and responsibilities of each party towards the maintenance of the properties must be well-defined and enlisted. Some of the basic maintenance and operation concerns include insurances, service provider labor payments, and veterinarian matters are included.
Step 5: Properly enlist rental calculations and indicate the negotiated payment schedule. In this section, the lessor and the lesse’s finalized methods of payments are indicated which includes the rental financial responsibilities of the lessee and the compensation from the profit that the lessee obtains from the gains that his animals acquired.
Step 6: Incorporate other necessary terms for the agreement. This is where the lessor and the lessee will be able to name other arrangements that they were able to agree on.
Step 7: Complete the certification statement. The certification statement must have the names of the lessor and lessee along with a witness and the seal of the notary public for legalizing the lease agreement form.
Although pasture lease agreement forms have several varieties, there are inclusions which are necessary to achieve a more effective and complete form which will also serve as tools for protecting the parties involved and informing both parties of other details of the lease. Enlisted below are two additional sections which can be included in the pasture lease agreement form:
With the aforementioned varieties and guide for using pasture lease agreement forms, pasture landowners and their clients or tenants will be able to have a meaningful and sustainable lease. In addition, both parties or all parties involved must also keep in mind that beyond there are other regulations and laws mandated by the State which they are required to abide regardless of the type of lease and the negotiation they have finalized.