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Illinois cash farm lease 2025

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The Illinois Cash Farm Lease document provides a standardized lease agreement template for agricultural land rental between a landowner (Lessor) and a tenant (Lessee). It outlines the necessary steps for completing the lease, including provisions for cash rent, responsibilities of both parties regarding property maintenance and management, and legal considerations. The document also includes sections on investments, expenses, tenant duties, default conditions, and options for flexible or fixed rent structures. Additionally, it emphasizes the importance of consulting legal advisors due to the legal implications of the lease.

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Click ‘Get Form’ to open the Illinois Cash Farm Lease in the editor.
Begin by entering the date and names of both parties involved: the Lessor (Landowner) and Lessee (Tenant). Ensure that you include their exact names and mailing addresses.
In Section 1, describe the rented land, including its location and size. Specify any buildings included in the lease and note any exceptions.
For Section 2, indicate the fixed cash rent amount. If applicable, complete the option for indexing to adjust rent based on future conditions.
Proceed to Section 3 where you will outline investments and expenses. Clearly define what each party is responsible for regarding property maintenance and improvements.
In Section 4, detail the Tenant’s duties in operating the farm. Strike out any activities not desired to customize your agreement.
Review Sections 5 through 7 for management procedures, default terms, and additional provisions. Make necessary adjustments before finalizing.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How do I terminate an oral farm lease in Illinois?

Whether leased on a crop share, livestock share, cash rent, or hybrid basis, year-to-year farm tenancies generally run from March 1st to February 28th of each year. To terminate an oral farm lease, you must provide written notice to your tenant farmer at least four (4) months prior to the end of the lease term.

What are common mistakes to avoid in farm lease agreements?

Farm Land Lease Contracts Common mistakes to avoid when creating a lease contract include vague or incomplete language, failure to address potential disputes, and overlooking important details such as payment schedules and renewals.

How can I legally break my lease in Illinois?

In most standard Illinois residential leases, tenants are required to provide 30 days written notice to legally terminate early. The notice period commences at the start of the next rental period after notice is given. Inform your landlord in writing as soon as possible once you decide to leave.

What is the average cash rent for farm ground in Illinois?

The National Agricultural Statistics Service (NASS) reported the average cash rent for Illinois in 2024 at $269 per acre, up by $10 per acre from $259 per acre for 2023 (see Figure 2). The 2024 rent is another new record for Illinois and continues a trend of significant increases since 2020.

How do I get out of a farm lease?

You have the right to terminate the lease at any time, with or without cause. However, you may be required to give your renter a certain amount of notice, depending on the terms of your lease. In your case, you would need to give your renter 60 days notice. You have the right to use your land as you see fit.

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How do I terminate a farm lease in Illinois?

To terminate an oral farm lease, you must provide written notice to your tenant farmer at least four (4) months prior to the end of the lease term. Additionally, your notice must provide specific information as outlined in 735 ILCS 5/9-206.

How do you terminate an oral lease?

Since there is no written agreement or the original rental lease expired and the renter remained on the property, in order to terminate the agreement with a renter a landlord must file a 15-Day Notice. What is a 15-Day Notice?

How does cash rent work for farmland?

Cash-rent tenants means a producer who rents land from another producer or landowner for a fixed cash amount or fix quantity of crop or crop proceeds.

Illinois cash farm lease 2025

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How do I terminate an oral farm lease in Illinois?

What are common mistakes to avoid in farm lease agreements?

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What is the average cash rent for farm ground in Illinois?

How do I get out of a farm lease?

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How do I terminate a farm lease in Illinois?

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