Lease Agreement For Farms Of New Mexico Page 3
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5VI. Improvements and repairs
A. It is agreed that during the term of the lease, the tenant may have use of all improvements on the above described
farm except the following:
_______________________________________________________________________________________
_______________________________________________________________________________________.
B. The landlord agrees to furnish materials for normal maintenance and repairs to maintain the farm in its customary
condition. The tenant will furnish ordinary labor and haul the materials for these repairs, it being mutually agreed
that skilled labor will be provided by the landlord.
C. Additional major improvements to be provided by the landlord are as follows:
Kind
Date
D. Construction and removal of fixtures by tenant: With the written consent of the landlord, tenant may add
improvements at his own expense. (He shall have the right to remove them or be compensated for them under the
terms of the following written agreement.) Improvement or fixture:
_______________________________________________________________________________________
_______________________________________________________________________________________.
E. Compensation to tenant for unexhausted value of improvements: In the event of termination of this lease, the
tenant shall be entitled to payment for the unexhausted value of his contribution to the cost of improvements made
with the consent of the landlord according to following schedule:
Proportion Remaining Unexhausted After
1 year
2 years
3 years
4 years
5 years
Irrigation Ditches
Land Leveling
Improvement
Cooperative Extension Service • Circular 598
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