Price is not the only consideration. Good stewardship and care for the property are in the best interest of both parties. The landlord wants his property to remain productive and in good repair to protect his investment. The tenant wants a productive asset that will produce a good return on his investment in labour and inputs. The landlord-tenant relationship will be happier if both parties share similar attitudes on issues such as production, technology and conservation.
Agreements can be in many different forms.
Generally, the simpler the agreement is, the better both parties will understand it. Separate legal counsel is advised before any agreement is signed. As a landlord or tenant you may wish to have some security in the form of longer-term agreements. If you do not wish to commit yourself to a three or five-year term, consider a series of three or five leases drawn up one year at a time. As each year expires renew the third or fifth year' s lease.