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How does the Farmland Leasing Checklist Adapted By Robert Tigner, Tim benefit landlords and tenants?

Both landlords and tenants can benefit from the Farmland Leasing Checklist Adapted By Robert Tigner, Tim by ensuring clear communication and understanding of lease terms. This checklist helps prevent disputes and fosters a positive relationship between parties involved in the leasing process.

Is the Farmland Leasing Checklist Adapted By Robert Tigner, Tim suitable for all types of farmland?

Absolutely! The Farmland Leasing Checklist Adapted By Robert Tigner, Tim is versatile and can be tailored to suit various types of farmland, whether it's for crop production, livestock, or recreational purposes. This adaptability ensures that all users can benefit from its guidance.

Farmland Leasing Checklist Adapted by Robert Tigner Tim Form

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1. LEASE INFORMATION: (___________ of ___________ Leases on this Property) Seller Property No. Buyer Property No. _____ A.1.Fee Lease: YES_________ NO_________ Name of Original Lessor:___________________________________________________ Name of Original Lessee:___________________________________________________ Description of Lands Covered by Lease: _______________________________________ ________________________________________________________________________________________________________________________________________________ Acres: Gross:________________________ Net:________________________ Lease Date:_____________________ Primary Term:___________________________ Recording Data: _________________ Royalty: _______________________________ A.2. Federal/Other Lease YES______ NO______ (Select One) BLM, BIA, State, School, County, Local Government. Exact Name of Record Title Holder: __________________________________________ ________________________________________________________________________ Exact Name of Operating Rights Holder:_______________________________________ ________________________________________________________________________ MMS Account. Is royalty account current on HBP Federal Leases? YES______ NO______ B. Verify this lease is included on Exhibit “A” of the Purchase and Sale Agreement. YES______ NO______ C. Verify this lease description is accurately reflected on the Exhibit to the Conveya nce Documents (Lease Number, Lessor, Lessee, Recording Data). Note any depth limitations, exceptions or exclusions. ___________ Initial for Verification. D. Lessor’s Consent to Assign required? YES______ NO______ (List on Consent to Assign/Preferential Right to Assign in Section 2: Contract Summary) E. Depth Limitations in Lease: YES______ NO______ (Check Legal Description on Exhibit) Pugh Clause: Horizontal - YES_____ NO______ Vertical - YES_____ NO______ Unusual Pooling Clause? YES_____ NO______ NONE______ F. Lease Amendments: ______________________________________________________ G. Shut-in Provision? YES______ NO______ Shut-in Well: YES______ NO______ HBP______ HBU______ Are Shut-in payments due within next 6 months: YES______ NO______ H. Rentals properly paid? YES______ NO______ HBP______ HBU______ Paid Up Lease______ Next Rental Due Date __________________________

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