Long Term Agricultural Land Lease Page 5
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22THIS LEASE made the
day of
201
BETWEEN
of
(hereinafter called “the Lessor” which expression shall where the context so admits or allows include
his successors in title) of the one part
AND
of
(hereinafter called “the Lessee” which expression shall where the context so admits or allows include
his successors in title and permitted assigns) of the other part.
WITNESSETH AS FOLLOWS:
1.
The Lessor hereby demises to the Lessee ALL THAT the agricultural lands described in the
First Part of the First Schedule hereto and any buildings thereon (hereinafter called “the Farm”)
excepting and reserving to the Lessor
(i)
all mines minerals stone flints sand gravel clay marl and underground substances of
every description including petroleum natural gas and other hydrocarbons with liberty
to search for work and remove the same and to sink necessary boreholes pits and shafts
paying to the Lessee reasonable compensation for all damage done to crops surface
and buildings and making an abatement of rent in respect of surface land of which the
Lessee may be deprived.
(ii)
The rights of way (if any) across the lands for the Lessor or his nominees as more
particularly set out on the map annexed hereto and thereon coloured and to the extent
described more particularly in the First Schedule hereto.
(iii)
The right for the Lessor and all persons authorised by him to enter on the Farm at all
reasonable times during daylight hours for the purpose of viewing the use and
condition thereof and for all other reasonable purposes.
TO HOLD the Farm unto the Lessee for the term of five years or such longer term as may be set
out in the First Part of the Second Schedule hereto Yielding and Paying to the Lessor during the
said term and so in proportion for any less period than a year the rent payable as to amount and
manner as also set out in the First Part of the Second Schedule hereto together with such additional
yearly rents (if any) as may become payable under the provisions of sub-clause (e) of Clause 4
hereof.
2.
The Lessee hereby covenants with the Lessor:-
(1)
To pay the reserved rent and the said additional rents (if any) and any subsequent
adjustments thereof in accordance with the Rent Review Clause provisions set out in
the Second Schedule hereto upon the days and in the manner set out therein without
deduction or set off.
(2)
To pay interest on all sums due and outstanding on foot of this Lease as and from the
2
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