What is a Lease?



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FORMS OF AGRIC LEASE-1
FORMS OF AGRIC LEASE-1, FORMS OF AGRIC LEASE-1

2.0 What is a Lease?


A lease is a legally enforceable contract allowing the owner of real property, equipment, and/or livestock to convey the right to use that property to a person in exchange for rent. The lease defines the rights between the landlord and the tenant, and defines how the landlord/tenant relationship will operate.

A lease needs four essential elements to be considered valid in Agricultural parlance:



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