Free Agriculture Land Lease Agreement Template
Agriculture Land Lease Agreement
This Agriculture Land Lease Agreement ("Lease Agreement") is made and entered into as of [Month Day, Year], by and between [Your Company Name] ("Landowner") with a principal address at [Your Company Address] and [Tenant's Name] ("Tenant") with a principal address at [Tenant's Address].
1. Lease of Premises
The Landowner hereby leases to the Tenant, and the Tenant hereby leases from the Landowner, the agricultural land located at [Property Address] (the "Leased Premises"), consisting of approximately [0] acres of land, on the terms and conditions set forth herein.
2. Term of Lease
The term of this Lease Agreement shall commence on [Month Day, Year] and shall continue until [Month Day, Year], unless sooner terminated in accordance with the provisions of this Lease Agreement. The Tenant may have an option to renew this lease for an additional term of [0 Year], provided that the Tenant gives the Landowner written notice of their intent to renew at least [Number] days prior to the end of the current term.
3. Rent
a. Base Rent: The Tenant agrees to pay the Landowner an annual rent of $[0] ("Base Rent"), payable in [annual] installments of $[0], due on the [2nd] day of each [year].
b. Payment Method: Payments shall be made by check, electronic transfer, or other agreed-upon method to the Landowner at [Your Company Address] or to such other address as the Landowner may designate in writing.
c. Late Payment Penalty: Any rent payment not received by the Landowner within [0] days of the due date shall incur a late fee of $[0] or [0]% of the overdue amount, whichever is greater.
4. Use of Premises
a. The Tenant shall use the Leased Premises solely for agricultural purposes, including but not limited to the cultivation of crops and/or the raising of livestock.
b. The Tenant shall comply with all applicable federal, state, and local laws, regulations, and ordinances in the use of the Leased Premises.
c. The Tenant shall not use or permit the use of the Leased Premises for any unlawful purpose or for any purpose not expressly permitted under this Lease Agreement.
d. The Tenant shall not engage in any activity that would result in the contamination of soil or water on the Leased Premises or adjacent properties.
5. Maintenance and Repairs
a. The Tenant shall, at their own expense, maintain the Leased Premises in good condition and repair, ordinary wear and tear excepted.
b. The Tenant shall not commit waste or permit any waste to be committed on the Leased Premises.
c. The Landowner shall be responsible for major repairs to existing structures on the Leased Premises, unless such repairs are necessitated by the actions or negligence of the Tenant.
d. The Tenant shall notify the Landowner promptly of any conditions requiring major repairs.
6. Improvements and Alterations
a. The Tenant shall not make any permanent improvements or alterations to the Leased Premises without the prior written consent of the Landowner.
b. Any improvements or alterations made by the Tenant shall become the property of the Landowner upon the termination of this Lease Agreement, unless otherwise agreed in writing.
c. The Tenant shall be responsible for obtaining any necessary permits or approvals for any improvements or alterations made to the Leased Premises.
7. Insurance
The Tenant shall obtain and maintain during the term of this Lease Agreement, at their own expense, comprehensive general liability insurance covering the Tenant's use of the Leased Premises, with coverage limits of not less than $[0] per occurrence and $[0] aggregate. The Landowner shall be named as an additional insured on such policy. The Tenant shall provide the Landowner with a certificate of insurance evidencing such coverage upon request.
8. Indemnification
The Tenant agrees to indemnify, defend, and hold harmless the Landowner from and against any and all claims, liabilities, damages, losses, and expenses (including reasonable attorneys' fees) arising out of or related to the Tenant's use of the Leased Premises, except to the extent caused by the negligence or willful misconduct of the Landowner.
9. Assignment and Subleasing
The Tenant shall not assign this Lease Agreement or sublease any portion of the Leased Premises without the prior written consent of the Landowner, which consent shall not be unreasonably withheld. Any attempted assignment or sublease without such consent shall be void and shall constitute a default under this Lease Agreement.
10. Default and Termination
a. Default: If the Tenant fails to pay any installment of rent when due or fails to perform any other obligation under this Lease Agreement and such failure continues for a period of [0] days after written notice from the Landowner, the Landowner may terminate this Lease Agreement and take possession of the Leased Premises.
b. Termination: Either party may terminate this Lease Agreement upon [0] days' written notice to the other party, provided that such termination shall not affect the parties' respective obligations accruing prior to the termination date.
c. Remedies: In the event of default, the Landowner shall have all rights and remedies available at law or in equity, including the right to recover any unpaid rent and damages resulting from the Tenant's breach.
11. Governing Law
This Lease Agreement shall be governed by and construed in accordance with the laws of the State of [State], without regard to its conflict of laws principles.
12. Entire Agreement
This Lease Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior negotiations, understandings, and agreements between the parties. No representations, warranties, covenants, or agreements other than those expressly set forth herein have been made by either party.
13. Amendment
This Lease Agreement may not be amended or modified except by a written instrument executed by both parties.
14. Notices
Any notice required or permitted to be given under this Lease Agreement shall be in writing and shall be deemed given when delivered personally, sent by certified mail, return receipt requested, or sent by a nationally recognized overnight courier service, addressed to the party at their address set forth above or to such other address as the party may designate in writing.
15. Dispute Resolution
a. Mediation: In the event of any dispute arising out of or relating to this Lease Agreement, the parties agree to first attempt to resolve the dispute through mediation conducted by a mediator mutually agreed upon by the parties.
b. Arbitration: If the dispute is not resolved through mediation, the parties agree to submit the dispute to binding arbitration conducted in accordance with the rules of the American Arbitration Association, and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.
16. Severability
If any provision of this Lease Agreement is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect, and the invalid or unenforceable provision shall be reformed to the extent necessary to make it valid and enforceable.
17. Waiver
No waiver of any provision of this Lease Agreement shall be effective unless made in writing and signed by the party against whom the waiver is sought to be enforced. The waiver of any breach of any provision of this Lease Agreement shall not operate or be construed as a waiver of any subsequent breach.
IN WITNESS WHEREOF, the parties hereto have executed this Agriculture Land Lease Agreement as of the day and year first above written.
[Your Company Name]
By:
Landowner
[Tenant's Name]
By:
Tenant
