The landowner is the entity (for example, a person, company, agency, trust, or organization) that legally owns the property being leased. All owners should be listed in the lease as the landowner. The tenant is the entity (person, company, or organization, etc.) that is acquiring use rights and using the leased property. Here too, all tenants must be named. If the tenant is a group of farmers leasing as one entity, that entity must be named. If the farmers are leasing separately, each will have his or her own lease and be named as tenant on that lease. The parties named as landlord and tenant are jointly responsible for the terms of the agreement
Posted in: Lease Agreements, Lease Core Concepts
