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Provide a legal description of the property in the first paragraph of the lease agreement. Use specific, consistent nomenclature when referring to parties involved in the lease.
Locating Government Land Contact you the applicable county clerk's office and ask for information on any county land that isn't being used. Look through the properties on the county's unused land list and offer to negotiate a lease on the land. Make a land lease offer to the county's government body for consideration.
These expenses can be recovered by renting the land for the same percentage of agriculture value. For example, if the land is worth $1200 per acre for farmland, the expenses may total only $48 60 per acre per year (4 5 percent).
Contact a real estate agent in your area who is knowledgeable about land. Hire the agent to assist you with the process if you choose. Drive the neighborhood or area where you want to rent land. Check “Craigslist” for rent by owner postings of land.
Provide advice on rental value. Advertise for tenants. Screen tenants and lease the property. Provide a tenancy agreement. Collect and lodge the bond. Collect the rent. Compare and check property inventory. Inspect the property.
Choose An Arrangement. First things first, you have to decide if you want to request cash up front or a share in the cost and profits of the harvest. Market the Land. There are several ways to market your land. Do Your Homework When Choosing a Farmer. Use a Formal Lease. Insurance and Taxes. Adhere to the Lease.
Familiarize yourself with your state's laws. Property management and real estate laws differ depending on what state -- and even city -- you live in. Write an explicit and easy-to-understand contract. Include all the stipulations that you require. Include details regarding the deposit. Consult with an attorney.
The Lease Must be in Writing It does not matter if the lease is handwritten or typed. If the lease is for more than one year, it must be in written form and contain the following terms.
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