Lease Agreement For Farms Of New Mexico
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5LEASE AGREEMENT FOR FARMS OF NEW MEXICO
I. Names of parties
This Lease Agreement entered into this _____________ day of _____________________, 20___, by and between
____________________________ (landowner), hereinafter called the Landlord of _________________________,
and ___________________________ (tenant), hereinafter called the Tenant of ____________________________.
That for and in consideration of the rental payment, conditions and covenants hereinafter set forth, the Landlord does
hereby let, lease and demise to the Tenant the following described premises, situate ____________________ County,
New Mexico, to wit:
___________________________________________________________________________________________
___________________________________________________________________________________________.
II. Term of lease
The term of this lease shall be _____ year(s) from ____________, 20__, to ___________, 20___, and this lease shall
continue in effect from year to year upon the same terms and conditions herein unless otherwise agreed in writing
thereafter until written notice of termination is given by either party to the other on or before the _______________ day
of _______________, before the expiration of this lease or any renewal thereof. Tenant agrees to farm the premises in a
good and farmlike manner and to keep and maintain the farm in its customary condition at Tenant’s expense. Landlord
agrees to pay all taxes and other lawful assessment levied against the premises during the life of this lease.
III. Rental rates and arrangements
Option A. Crop-Share Rent
Tenant, for and in consideration of this lease as rent, agrees to pay or give shares of the following crops:
Approximate number
Landlord’s share-
Tenant’s share-
Distribution of landlord’s share-
Crop
of acres
% of fraction
% of fraction
Where, When, Whose Cost
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Option B. Livestock-Share Rent
Tenant, for and in consideration of the lease as rent, agrees to pay or give shares of quantities of the following livestock:
Approximate number
Landlord’s share-
Tenant’s share-
Distribution of landlord’s share-
Crop
to be kept on farm
% of fraction
% of fraction
Where, When Whose Cost
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Cooperative Extension Service • Circular 598
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