This article discusses some potential issues that may arise in a farm lease between landlord and tenant, ranging from the obvious to the not so obvious.
Many farmers will remember the days when the lease of a farm was based on a gentlemen’s agreement. The inadequacies of this sort of agreement are
- Terms not clearly identified
- Parties understanding of their respective obligations possibly quite different.
As with any contract the conditions must be clearly identified and under the Contracts Enforcement Act a lease of land is required to be in writing. To that end the obligations of all parties need to be carefully thought out and documented.