Top Menu

Frequently Asked Questions:

How is the “property” different from the “premises” in a farm lease?

The “property” refers to the entirety of the land, buildings, structures, equipment, etc., owned by the landowner, while the “premises” refers to only that portion of the property and/or components of it that are the subject of the lease. Explicitly listing each component of the premises (e.g., the barn, the maple sugaring tubing and syrup tanks, etc.) in a lease helps ensure that each component will be subject to the terms of the lease. Sometimes “premises” and “property” are used synonymously, so be alert to what is meant in a particular context.

Posted in: Lease Agreements, Premises and Property