The realtor/sales agent should be able to get you a copy of the lease with the names blacked out. The agent should also be able to tell you what is normal for your area and what to expect.
Every lease can be different. Many leases have a provision that if the lease is terminated early, the tenant must be repaid for for tillage and fertilizer applied for the next year's crop. With a years advance notice, I would not expect the current tenant to do anything beyond harvesting his crops.
Worst case could be a very wet harvest leaving deeply rutted and compacted fields with much of the nitrogen leached out.
Every purchase agreement can also be different. You can try to write in provisions that you will be compensated if fields are left in poor condition. In a hot market the seller probably won't agree. You may be best off with an inspection clause, where you can back out of the agreement if needed. The buyer writes the purchase offer, work with your lawyer on this.
Keep in mind that realtor and sales agents are generally most interested in closing a deal as smoothly as possible to collect their commissions. They are not there to look out for you best interest nor the best interest of the seller.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - A Belt Pulley? Really Doing Something? - by Chris Pratt. Belt Pulleys! Most of us conjure up a picture of a massive thresher with a wide belt lazily arching to a tractor 35 feet away throwing a cloud of dust, straw and grain, and while nostalgic, not too practical a method of using our tractors. While this may have been the bread and butter of the belt work in the past (since this is what made the money on many farms), the smaller tasks may have been and still can be its real claim to fame. The thresher would bring in the harvest (and income) once a y
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.