Farm Lease. The Property is subject to a farm lease (the "Farm Lease") that will expire on March 1, 2022 pursuant to a Notice of Termination of Farm Tenancy served upon the Tenant on July 28, 2021.
Farm Lease. The Property is under a farm cash lease with a current lease year that ends on February 28, 2022. The tenant of the farm has been terminated and the Property will be free of any farm tenancy effective March 1, 2022. SELLER shall retain 100% of the cash rent for the current lease year and there will be NO proration of the rent to BUYER.
Farm Lease. Each of the auction tracts identified in the table below (“Farm Lease Table”) is subject to an existing farm lease, each of which expires not later than December 31, 2018. Franklin County: Xxxxxxxxxx County: Saline County: Xxxxxx 0 - 0 Xxxxxx 0 - 00 Xxxxxx 00 - 00 Xxxxxx 00 & 00 Xxxxx 00 Xxxxxx 00 & 00 Xxxxxx 00 & 00 Xxxxx 00 Xxxxxx 00 & 00 Xxxxx 00 Tracts 67 - 72 Tracts 87 - 89 Tract 82 Tracts 84 & 85 If the Purchased Tract(s) include or consist(s) of any of the tracts identified in the Farm Lease Table above: (a) possession thereof shall be delivered to Buyer subject to the rights of the current farm tenant to retain possession of and to have access to the cropland pursuant to the existing farm lease for the remainder of the current lease term expiring not later than December 31, 2018; (b) the obligations of Seller under said farm lease (including but not limited to the obligation to accommodate the farm tenant’s right to maintain and harvest the 2018 crop) shall be assumed by Buyer in accordance with the provisions of Section 17 below; and (c) the rights of Seller under said farm lease (including without limitation the right of possession upon expiration of said lease) shall be assigned to Buyer in accordance with the provisions of Section 17 below, except that Seller shall retain all rights to collect (and Buyer shall receive no assignment of or credit for) any payments (including any rent and/or reimbursement) due from any tenant pursuant to said farm lease.
Farm Lease. Possession of the real estate to be given at closing subject to a Farm Lease through February 28, 2027. Information regarding the Farm Lease to be provided upon request.
Farm Lease. Property may be subject to a farm lease until 5/31/2022.
Farm Lease. Seller acknowledges that Buyer has leased the Property to a xxxxxx, to farm the Property. Seller agrees to honor the existing lease during its term and may continue to lease the Property to a xxxxxx, on terms and conditions satisfactory to the Seller.
Farm Lease. Buyer and Seller hereby acknowledge and agree that Seller may lease the Fire Station Property for the purpose of growing crops (“Farm Lease”). Any Farm Lease shall include the following specific, minimum terms:
Farm Lease. Buyer and Seller shall cooperate with one another in leasing the Property to a tenant for the 2005 crop year. If Buyer and Seller do not agree on tenant and/or the terms of a lease prior to January 15, 2005, Seller shall have the right to enter into a lease on terms and conditions and with a tenant acceptable to Seller, in Seller’s sole discretion.
Farm Lease that any provision of this Lease is invalid or unenforceable, but that by limiting such provision it would become valid and enforceable, then such provision shall be deemed to be written. construed, and enforced as so limited.
Farm Lease. SELLER represents to BUYERS that as of the date of Closing, a portion of the Property is subject to a cash rent farm lease, which will be assigned to BUYERS at Closing. The first half of rent for the 2023 crop year will be paid by tenant to SELLER and credited to BUYERS at Closing. The second half of rent for the 2023 crop year and all subsequent rent will be paid directly to the BUYERS. If BUYERS desire to terminate said farm lease for future years, it shall be the BUYERS’ responsibility to serve notice of termination on the tenant.
