EXISTING CROPS Clause Samples
The EXISTING CROPS clause defines the rights and responsibilities regarding crops that are already growing on a property at the time of a sale or lease agreement. Typically, this clause specifies whether the seller or tenant retains the right to harvest these crops after the transaction closes, or if ownership of the crops transfers to the buyer or landlord. For example, it may allow the seller to return and harvest mature crops within a certain timeframe, or require compensation for crops left behind. The core function of this clause is to prevent disputes by clearly allocating ownership and access to crops that were planted before the property changed hands.
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EXISTING CROPS. At the beginning of this Lease, Owner will have on the Premises unharvested crops of citrus. Said crops shall remain the property of Owner and Owner shall have unimpeded access to protect and to harvest said crop. In addition, Tenant shall upon termination of this Lease, have the right to enter and harvest any unharvested crops.
EXISTING CROPS. Crops and fruits growing on the property may continue to be harvested by Seller until the date of settlement. The Purchaser agrees to purchase the Property described in the foregoing Conditions of Sale under the terms and conditions as therein set forth, for the sum of Dollars ($ ). In the event that Purchaser fails to make settlement as required in the foregoing Conditions of Sale, Purchaser hereby irrevocably authorizes any attorney of any court to appear for Purchaser, or any of them, and to confess judgment against ▇▇▇▇▇▇▇▇▇, jointly or severally, for all sums due hereunder, including any loss resulting from resale of the Property by Seller, whether by private or public sale, with or without notice to Purchaser, upon filing of an Affidavit of Default under the terms hereof, together with interest at the rate of Ten (10%) Percent per annum, and together with a collection fee equal to Ten (10%) Percent of the amount then due, but in no event less than Two Hundred Fifty and 00/100 ($250.00) Dollars, all costs of suit, release of heirs, and waiver of appeals, and without stay of execution. This warranty shall include a waiver of all appraisement, stay, and exemption laws of any state, now in force or hereafter enacted. This Power of Attorney shall not be affected by the disability of the principal or principals.
EXISTING CROPS. Tenant is to have possession of the crops now planted and growing, and on leaving, Tenant is to seed as many acres of crops as was found on the leased premises when Tenant took possession. In the event that Tenant renews the term, Tenant may keep as many seeds and crops as required to re-seed.