This is for the information of land owners willing to do business with us.
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FARM LAND LEASE
KNOW ALL MEN BY THESE PRESENTS THAT, _______________________, (Lessor) does hereby lease unto _____________________________,( Lessee) for general agricultural purposes, approximately _______________ acres of farm land located at _____________________ in the ______________ , ___________________ owned by Lessor. In consideration of which Lessee hereby covenants with Lessor to pay Lessor 1/3 of farm revenue per year commencing _______________, 20____ with the first annual rental payment being due upon execution hereof. The term of this lease shall begin on the date hereof and shall expire on _____________, 20 _____.
In the event of the failure by Lessee to promptly pay any of the annual rentals hereinafter set forth, then and in that event this lease shall automatically terminate and all rights herein granted shall be null and void.
Lessee shall have exclusive use of leased property during the term hereof.
Lessor or designee reserves the right of ingress and egress over and across the leased property to obtain access to adjacent lands.
WITNESS our respective signatures, on this ____ day of ____________, 20 ____.