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Frequently Asked Questions:

What’s the difference between leasing and renting a farm or farmland?

In practice, the terms “leasing” and “renting” are commonly used synonymously. As a technical matter, leasing typically implies use of the land for particular purposes for a longer-term period of time (e.g., a year or longer), while the term “rent” usually either means the money paid by the tenant or involves a short-term agreement (e.g., month-to-month).

Posted in: Lease Agreements, Lease Core Concepts