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Alberta Farm Lease Agreement and Option to Purchase
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.
NOTICE: E.&O.E. See important legal disclaimer (www.canadalegal.com/legal.asp)
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