12 05e PASTURE LEASE

• Jurisdiction: Arkansas
• Library: Arkansas Form Book - Complete (2023 Ed.)

12-05E PASTURE LEASE

PASTURE LEASE

This pasture lease ("Lease") is entered into this [day] day of [month, year], between [lessor name], whose address is [lessor address] ("Lessor") and [Lessee name], whose address is [lessee address], ("Lessee").

I. PROPERTY DESCRIPTION

Lessor hereby leases to Lessee, to occupy and use for agricultural and related purposes, the following-described property (hereafter called "the farm"):

[DESCRIPTION]

consisting of approximately [acres in leased farm] acres situated in [county/counties] Count[y/ies], Arkansas, with all improvements thereon except as follows: [specify improvements].

II. GENERAL TERMS OF LEASE [OPTION 1]

A. Time period covered. The provisions of this Lease shall be in effect for [lease term] year[s], commencing on the [lease beginning day] day of [lease beginning year]. This Lease shall continue in effect from year to year thereafter unless written notice of termination is given by either party to the other at least [notice period] days prior to expiration of this Lease or the end of any year of continuation.

II. GENERAL TERMS OF LEASE [OPTION 2]

A. Term. [IF A CONTINUING LEASE IS DESIRED, USE PARAGRAPH (1) AND STRIKE OUT (2).]

(1) Continuing Lease. The term of the Lease shall be [# years in term] year[s], commencing on the [beginning day] day of [beginning month, year], and shall continue in effect from year to year thereafter (as an annual lease) unless written notice of termination is given by either party to the other at least [termination notice days] days prior to expiration of this Lease or the end of any year of continuation. (IF A DEFINITE TERM IS DESIRED, USE PARAGRAPH (2) AND STRIKE OUT PARAGRAPH (1). NO NOTICE OF TERMINATION IS NECESSARY IF PARAGRAPH (2) IS USED.)

(2) Annual Lease. The term of this Lease shall be [#years in term] year[s], commencing on the [beginning day] day of [beginning month, year], and ending on the [ending month, year].

B. Amendments. Amendments and alterations to this Lease shall be in writing and shall be signed by both the Lessor and Lessee.

C. No partnerships created. This Lease shall not be deemed to give rise to a partnership relation, and neither party shall have authority to obligate the other without written consent, except as specifically provided in this Lease.

D. Binding on Heirs. The terms of this Lease shall be binding upon the heirs, executors, administrators, and successors of both Lessor and Lessee in like manner as upon the original parties, except as provided by mutual written agreement otherwise.

E. Transfer of property. If the Lessor should sell or otherwise transfer title to the farm, [he/she] will do so subject to the provisions of this Lease.

F. Right of entry. The Lessor reserves the right of...