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this is gary schnitkiew with a farm doc insight on what is a share rent lease a share rent lease is one way that a landowner can be compensated by the farmer for the use of the farmland there are two major types share rent cash rent and theres several others as well but the two major types of share rent and cash rent share rent leases typically are one year in length as far as the formal agreement but most farmers and landowners continue that agreement over many years we would strongly recommend a written lease as that will cover many of the terms that often cause conflict between the farmer and landowner but if you dont have a written agreement october 31st is the notice date in illinois by that date the farmer or the landowner has to give the other party notice about whether that lease will continue into the next year and if theres no written lease and no notice given its assumed that that lease will continue into the next year the typical items that are shared on a share rent l