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Landlord and Tenant desire that Tenant lease the Property for agricultural use on the terms set out in this Agreement. Landlord and Tenant agree as follows: 1.A agricultural land lease is an agreement between the property owner (lessor) and leasee that stipulates the terms of use for a piece of farmland. Farm Lease Agreements are contracts between an owner of farmland and a tenant who plans to use the land for farming or raising livestock. Landlord agrees that Tenant is permitted to use the Property for the following permitted uses: • All normal activities associated with agricultural purposes;. For a landowner ("lessor"), leasing property can serve many purposes. PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC). The lease period should also be long enough to allow the tenant to adopt good farming practices. C. Tax Considerations in Leasing Land. First, determine the current value of the land when used for agricultural purposes.