Posted by John T Country Lawyer on March 15, 2010 at 07:39:17 from (71.55.30.174):
In Reply to: Land rent agreements? posted by Dave from MN on March 15, 2010 at 06:45:32:
Dave, Ive got this question over the years. My best free professional legal advise is CONSULT A LOCAL ATTORNEY FAMILIAR WITH YOUR LOCAL LAND USE PRACTICE AND LANDLORD/TENANT LAW.
Your wishes are fine and are your call..
Many local Ag offices (as well as on line forms) have fill in the blank farm lease agreements and they are pretty good PROVIDED you correctly fill in the exact details you are concerned about and the details comply with your state law.
With so much at stake its just my opinion local professional advice should be relied upon to a greater extent then a tractor forum or lay opinions, escpecially since laws may vary state to state. Also I wouldnt even attemPt to explain here in a paragraph what can take books to explain and there are just too many variables and questions and facts that need to considered to draft a good leaSE
Soooooo its your land and your money at risk and its YOUR CALL Notttttttt mine but I just had to toss out my professional opinion
PS IN very general terms, a leasehold estate would survive a land sale, i.e. the new owner takes SUBJECT TO PRIOR LEASES but subject to a ton of common law
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