Products tagged with 'ontario land lease'

Lease out Ontario agricultural land owned by a land trust with this Ontario Farm Land Lease Agreement.

Parties to the Agreement

The Farm Land Lease Agreement is between a land trust which purchased land from an Ontario land owner (lessor) and the land owner who is now leasing it from the land trust (lessee).

This strategy is sometimes used for tax purposes, to avoid creditors, or to avoid probate.

Lessee's Obligations Under the Lease

• The lessee agrees to use the land for agricultural and wildlife management purposes only.
• The lessee will pay all realty taxes and other assessments with respect to the land.
• The lessee is responsible for carrying all required insurance.
• The lessee will cultivate the land, control weeds and grass, and maintain culverts and underdrains to ensure proper drainage.

Format and Legal Jurisdiction

The Farm Land Lease Agreement template is available in MS Word format and is fully customizable to meet your exact needs.

This legal document was prepared in accordance with the Ontario Short Forms of Leases Act and should only be used in the Province of Ontario, Canada.