Amount of Rent. It is important to keep the procedure for calculating flexible cash rent simple. The landlord's share of crop production can be calculated using the crop share approach. The average production for a commonly grown crop will be used as an estimate. This estimate is then adjusted for an allowance for crop failure, and the landlord's share is determined. The method for selecting the prices of the commonly grown crops will also be included in the lease, to determine the actual amount of rent due. The rental payment can be made by delivering an agreed quantity of grain to market in the landlord's name or by paying the equivalent cash price.
Appears in 5 contracts
Samples: Share Lease Agreement, Lease Agreement, Share Lease Agreement
