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Beginners Board
Rotational Grazing/MiG leasing
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<blockquote data-quote="SRBeef" data-source="post: 984974" data-attributes="member: 7509"><p>No not at all. I write it in letter form and don't get attorneys involved. Just write a simple letter saying what our verbal agreement is, how much is the rent, when it is to be paid, the length of the lease and add a sentence saying that I will maintain existing fences but any temporary improvements I make will be removed at lease termination with permanent improvements such as water being agreed upon before installation and to be paid for at then current value if/when the lease terminates.</p><p></p><p>This just makes sense. If a landlord won't sign something as simple as this I feel it is too risky to rent his land. I apply fertilizer, lime, interseed, fix old fences, mow roadsides and improve any land I rent. A good landlord will sign a simple letter like that in return. I don't want to rent from a person who is just looking for the highest bidder. He will rent it out from under you as soon as you increase the value with your improvements and maintenance. A good landlord will see the value to both parties in writing things down.</p><p></p><p>If a person will not put our verbal agreements in writing and sign my letter I don't want the financial risk of renting from him.</p><p></p><p>A written agreement letter signed by and copies to both parties is just good business.</p><p></p><p>Jim</p></blockquote><p></p>
[QUOTE="SRBeef, post: 984974, member: 7509"] No not at all. I write it in letter form and don't get attorneys involved. Just write a simple letter saying what our verbal agreement is, how much is the rent, when it is to be paid, the length of the lease and add a sentence saying that I will maintain existing fences but any temporary improvements I make will be removed at lease termination with permanent improvements such as water being agreed upon before installation and to be paid for at then current value if/when the lease terminates. This just makes sense. If a landlord won't sign something as simple as this I feel it is too risky to rent his land. I apply fertilizer, lime, interseed, fix old fences, mow roadsides and improve any land I rent. A good landlord will sign a simple letter like that in return. I don't want to rent from a person who is just looking for the highest bidder. He will rent it out from under you as soon as you increase the value with your improvements and maintenance. A good landlord will see the value to both parties in writing things down. If a person will not put our verbal agreements in writing and sign my letter I don't want the financial risk of renting from him. A written agreement letter signed by and copies to both parties is just good business. Jim [/QUOTE]
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