FR-8-06—page 8
Share of Gain Rental:
X.
Arbitration:
The livestock owner agrees to pay _________ percent
of the value of growing animals at weaning time; and
In case of disagreement relative to any provision of this
$_________ per head per month for each non-producing
lease, such dispute shall be referred to an arbitration
animal. (examples: bulls, rams, or cows and heifers
committee composed of one member selected by each
party, and a third member selected by the other two. The
without calves.)
decision of the arbitration committee shall be binding
Except by written consent of the pasture owner, such
upon the parties of this lease.
rental shall be paid on not less than ________________
animal units, regardless of whether or not the minimum
number is actually pastured. If there are less than the
minimum number, the rental shall be calculated on the
basis of the average charge for those cattle in the pasture.
IX.
Payment Schedule
Rent shall be due and payable when all stock has been
removed by the livestock owner, or by the following
schedule:
XI.
Notarization
$_______ on or before _____ day of _______ (month)
Executed in duplicate on the date first above written:
$_______ on or before _____ day of _______ (month)
_____________________________________________
tenant/livestock owner
$_______ on or before _____ day of _______ (month)
_____________________________________________
$_______ on or before _____ day of _______ (month)
landlord/pasture owner
If rent is not paid when due, the tenant agrees to pay
State of _______________________________________
interest on the amount of unpaid rent at the rate of
_______ percent per annum from the due date until paid.
County of _____________________________________
Rental adjustment. Additional rental payment
agreement:
On this ________________ day of ________________ ,
A.D. ____________, before me, the undersigned, a
_____________________________________________
Notary Public in said State, personally appeared ____
________________________, __________________
_____________________________________________
___________ to me known to be the identical persons
named in and who executed the foregoing instrument,
_____________________________________________
and acknowledged that they executed the same as their
voluntary act and deed.
_______________________________________
Notary Public