AB land owners, rent out your farm land to a tenant and give them an option to buy the land with this Alberta Farm Lease Agreement and Option to Purchase template.
- The tenant must exercise its option to purchase within a specified option period, failing which the option expires.
- The landlord must give the tenant first right of refusal to purchase the land, prior to offering it for sale to a third party.
- The tenant must carry adequate liability insurance at all times during the term of the lease.
- The tenant agrees not to make any improvements or changes without the written consent of the landlord.
This Alberta Farm Lease Agreement and Option to Purchase
is available in Microsoft Word format, and is fully editable to meet your needs.