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Farm Lease Agreement
"I need a Farm Lease Agreement for a 500-hectare dairy farm in Canterbury, New Zealand, starting from March 1, 2025, with specific provisions for milk supply contracts and employee housing for three farm workers."
1. Parties: Identification of the landlord (lessor) and tenant (lessee) with full legal names and addresses
2. Background: Context of the lease arrangement and brief description of the farm property
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of Lease: Formal grant of lease, specifying the property and term of lease
5. Rent and Payment Terms: Rental amount, payment schedule, review provisions, and any additional charges
6. Permitted Use: Specified farming activities allowed on the property and any restrictions
7. Farm Management Obligations: Tenant's responsibilities for maintaining farm operations and land management
8. Property Maintenance: Responsibilities for maintaining buildings, fences, water supplies, and other infrastructure
9. Environmental Compliance: Obligations regarding environmental protection and resource management
10. Insurance Requirements: Required insurance coverage for buildings, stock, and liability
11. Default and Termination: Circumstances constituting default and termination procedures
12. Assignment and Subletting: Restrictions and conditions for transferring or subletting the lease
13. Dispute Resolution: Process for resolving disputes between parties
14. General Provisions: Standard legal provisions including notices, governing law, and entire agreement
1. Stock Management: Specific provisions for livestock management, applicable when the farm includes animal husbandry
2. Cropping Provisions: Specific requirements for crop rotation and management, used for arable farming leases
3. Milk Supply Agreement Integration: Provisions relating to milk supply contracts, required for dairy farm leases
4. Forestry Management: Provisions for management of any forestry on the property, if applicable
5. Employee Accommodation: Terms regarding farm worker housing if provided on the property
6. Water Rights: Specific provisions regarding irrigation rights and water usage, important in dry regions
7. Share Farming Arrangements: Used when the lease includes share farming or profit-sharing components
8. Carbon Credits: Provisions regarding carbon credits and emissions trading scheme participation
9. Right of First Refusal: Option for tenant to purchase the property if the landlord decides to sell
1. Property Description: Detailed description of the farm property including boundaries, area, and legal description
2. Farm Assets Inventory: List of included equipment, machinery, and fixed assets with their condition
3. Infrastructure Schedule: Details of buildings, fencing, water systems, and other infrastructure
4. Maintenance Schedule: Detailed breakdown of maintenance responsibilities between parties
5. Farm Management Plan: Agreed farming practices, stocking rates, and land management requirements
6. Environmental Management Plan: Specific environmental compliance requirements and management practices
7. Rent Review Mechanism: Detailed process and calculations for rent reviews
8. Required Insurance Coverage: Specific insurance requirements and minimum coverage amounts
9. Exit Condition Requirements: Required property condition at lease end and assessment criteria
Authors
Agriculture
Real Estate
Dairy Farming
Livestock Farming
Arable Farming
Horticulture
Rural Services
Property Management
Legal Services
Agricultural Finance
Legal
Real Estate
Property Management
Agricultural Operations
Environmental Compliance
Risk Management
Finance
Business Development
Rural Services
Valuations
Farm Owner
Farm Manager
Agricultural Consultant
Property Lawyer
Real Estate Agent
Rural Property Manager
Agricultural Business Advisor
Environmental Compliance Officer
Farm Operations Manager
Legal Counsel
Land Agent
Agricultural Finance Manager
Rural Valuer
Farm Business Consultant
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