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Cattle lease
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<blockquote data-quote="Son of Butch" data-source="post: 1398005" data-attributes="member: 14585"><p>Anything that two parties can agree on can be negotiated.</p><p>As with leasing a house, permanent expenses and improvements (fixing the roof = fixing the fences) are on the owner.</p><p>Hay expense would equate to heating/utilities for the home and would be the renter's responsibility.</p><p></p><p>Rent would be cash, unless otherwise agreed, i.e. the calf split.</p><p>Reasonable wear and tear are at the owners expense.</p><p>Negligent damage caused by the renter would be the renter's responsibility to pay for or properly repair.</p><p>Daily chores would be the renter's responsibility, but you could negotiate hiring him... i.e. extra calves in the split</p><p></p><p>Any permanent improvements you make become the owners property at the end of the lease unless otherwise agreed</p><p>upon in writing. Put all side agreements into writing and attach to the lease, so there are no misunderstandings due </p><p>to lack of communication. If you change or amend terms as time goes on, document it in writing so there is no misunderstanding later on. Open communication is key as many farmers are introverts and may not mention small </p><p>annoyances that could grow into resentment and later damage your business relationship.</p></blockquote><p></p>
[QUOTE="Son of Butch, post: 1398005, member: 14585"] Anything that two parties can agree on can be negotiated. As with leasing a house, permanent expenses and improvements (fixing the roof = fixing the fences) are on the owner. Hay expense would equate to heating/utilities for the home and would be the renter's responsibility. Rent would be cash, unless otherwise agreed, i.e. the calf split. Reasonable wear and tear are at the owners expense. Negligent damage caused by the renter would be the renter's responsibility to pay for or properly repair. Daily chores would be the renter's responsibility, but you could negotiate hiring him... i.e. extra calves in the split Any permanent improvements you make become the owners property at the end of the lease unless otherwise agreed upon in writing. Put all side agreements into writing and attach to the lease, so there are no misunderstandings due to lack of communication. If you change or amend terms as time goes on, document it in writing so there is no misunderstanding later on. Open communication is key as many farmers are introverts and may not mention small annoyances that could grow into resentment and later damage your business relationship. [/QUOTE]
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