This form is a lease agreement for farm land. The lessor will pay all ad valorem taxes assessed against the leased property. The lessee shall pay all taxes assessed against all personal property located on the premises and will also pay all privilege, excise and other taxes duly assessed. The lessee will pay the taxes when due so as to prevent the assessment of any late fees or penalties. Tennessee Farm Lease or Rental — General is a legal agreement between a landowner or operator and a tenant, where the tenant is granted the right to use a designated piece of land or property for farming purposes. This lease serves as a contract that outlines the terms, conditions, and responsibilities of both parties involved in the agricultural undertaking. In Tennessee, there are various types of farm lease or rental agreements that can be used based on the specific needs and preferences of the parties involved. Some common types include: 1. Cash Rent Lease: This type of lease involves the tenant paying a fixed amount of money to the landowner as rent, typically on an annual basis. The tenant is then responsible for managing the farming operations and assumes the risks and rewards of the agricultural venture. 2. Crop Share Lease: In a crop share lease, the landowner and tenant enter into an agreement where the tenant pays a portion of the crop produced as rent. Usually, the tenant covers a percentage of the total input costs and directly participates in the farming activities. 3. Flex Rent Lease: A flex rent lease is a hybrid agreement that combines the elements of cash rent and crop share leases. The rent payment may vary based on factors such as market prices or yield levels, ensuring a fair distribution of risk and profit between the landowner and tenant. 4. Custom Farming Agreement: This type of lease entails the landowner hiring a third-party individual or entity to handle the farming operations, while the landowner retains ownership of the land and crops. The tenant, or custom operator, provides land preparation, planting, cultivating, and harvesting services for a predetermined fee. Regardless of the specific type, a Tennessee Farm Lease or Rental — General typically includes crucial provisions such as lease term, rent payment details, renewal options, maintenance responsibilities, right of access, permitted land uses, and termination clauses. It is always advisable for both parties to seek legal advice and thoroughly review the lease agreement before entering into any farm lease or rental contract.
Tennessee Farm Lease or Rental — General is a legal agreement between a landowner or operator and a tenant, where the tenant is granted the right to use a designated piece of land or property for farming purposes. This lease serves as a contract that outlines the terms, conditions, and responsibilities of both parties involved in the agricultural undertaking. In Tennessee, there are various types of farm lease or rental agreements that can be used based on the specific needs and preferences of the parties involved. Some common types include: 1. Cash Rent Lease: This type of lease involves the tenant paying a fixed amount of money to the landowner as rent, typically on an annual basis. The tenant is then responsible for managing the farming operations and assumes the risks and rewards of the agricultural venture. 2. Crop Share Lease: In a crop share lease, the landowner and tenant enter into an agreement where the tenant pays a portion of the crop produced as rent. Usually, the tenant covers a percentage of the total input costs and directly participates in the farming activities. 3. Flex Rent Lease: A flex rent lease is a hybrid agreement that combines the elements of cash rent and crop share leases. The rent payment may vary based on factors such as market prices or yield levels, ensuring a fair distribution of risk and profit between the landowner and tenant. 4. Custom Farming Agreement: This type of lease entails the landowner hiring a third-party individual or entity to handle the farming operations, while the landowner retains ownership of the land and crops. The tenant, or custom operator, provides land preparation, planting, cultivating, and harvesting services for a predetermined fee. Regardless of the specific type, a Tennessee Farm Lease or Rental — General typically includes crucial provisions such as lease term, rent payment details, renewal options, maintenance responsibilities, right of access, permitted land uses, and termination clauses. It is always advisable for both parties to seek legal advice and thoroughly review the lease agreement before entering into any farm lease or rental contract.
