Hi, my name is Paul Gehringer, and I'm the Extension Legal Specialist here at the University of Maryland. I'm also a part of the University of Maryland Empowers Agriculture Initiative. Today, we're going to talk about a common issue that comes up with beginning farmers and new landlords when they start leasing farmland. The issue is that they often use residential formulas to rent farmland. Now, many of you may laugh at that if you've rented farmland before, as you may think it's a bad idea. However, if you're just starting out, you may have no idea and simply search the internet for formulas and find a residential lease to use. There are issues with that, which we will discuss today and point out why you shouldn't do this. We will also provide resources to help you develop your own farmland lease. Before we answer the question of why it's bad to use residential formulas when renting farmland, let's talk about what a lease is. A lease is a contract between a landowner, also known as the landlord or lessor, and a tenant or lessee. The contract allows the tenant to use the property for a specific period of time and for a specific amount of money. This will vary depending on the parties involved, which we won't discuss today. However, what we want to highlight is that a lease is also a risk management tool. When leasing farmland, the lease can include provisions such as requiring the tenant to take out crop insurance to guarantee rental payment every year. It can also include expectations for conservation practices during soil work. These are important considerations that should be included in the lease. As the tenant, you may also want to specify the amount of crop insurance required and the duration of the lease....
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Residential Lease Extension Form: What You Should Know
Lease Extension Agreement — Electronic Form Format — Electronic Form The lease extension agreement is a legally binding lease agreement that will extend the lease agreement for a certain number of calendar months. Contractual Obligations — Legal Templates The contractually-obligated lease extension agreement is often a legal and binding agreement which allows the tenant or tenant to extend one or more of their lease periods. By signing this lease extension agreement, the tenancy or tenancy has been extended for a fixed number of rent payments, but the extension of the lease is not legally-binding. Lease Agreement Extension Form — Electronic Form Lease Extension Form — Legal Templates Easily customize the sign template. Use the electronic form template that is free for use on any device. The form may be printed from or a local online printer. New Form (Free Form) — Download the PDF Contractual Obligations — Electronic Form Easily customize the sign template. Use the electronic form template that is free for use on any device. The form may be printed from fill.net or a local online printer. Sign In Page Template — Sign In Page Templates Sign In Page Template Download — Download the PDF. Use the HTML Code. Sign In Page Templates Sign in page template is downloadable and includes free text and a graphic that goes on the page, then you paste them into the downloadable sign-in page template provided. They are downloadable in several file formats. Free for use online. Use them for online leasing and rent calculation. Sign in page templates can be designed as well-designed templates that you can customize. Create your own Sign-In Page Template for your business and save. Easy to customize. Great for landlords. Collect e-signatures and finalize documents quickly on any device. Sign In Page Templates — Use these file formats for online leasing and rent calculation. Sign In Page Templates — Free for Use Online A lease extension agreement is a legal document that allows a tenant to extend one or more of their leases past their scheduled end date. The extension is only legally binding after it has been signed. Lease Agreement Extension Agreement | Residential & Commercial Aug 1, 2023 — A lease extension agreement, or 'lease renewal', allows a tenant to prolong a lease agreement past its initial end date.
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