Farm Leases
Entering into a lease of a farm as with a lease of residential and retail property is an important transaction. Our Agribusiness team can provide you with complete advice on entering into a lease of farming property. For general lease information please see the following link: Leases
In addition to the standard considerations when entering into a lease such as the term of the lease and the rent payable, there are specific considerations for a farming lease including:
• Livestock
º Will livestock be lease with the farm;
º If so what is the condition and number of livestock to be on the property at the expiration of the lease.
• Valuation of the plant and equipment which you may be utilising
• Whether you will be able to sub-let the property
• Whether you should enter into a share farming agreement;
• Whether you can enter into an existing supply contract, where there is a current agreement to supply to a nominated party
• The particular term of the lease, could you enter into the following:
º A fixed term lease with renewal available;
º A lease with an option to purchase; or
º A lease with a fixed purchase schedule.
