Reply
Veteran Advisor
Posts: 1,559
Registered: ‎10-18-2016
0

Lease Question

For share leases or leases with production or yield targets, what wording is in the lease, if any, that talks to the tenant making a good faith effort to optimize (I didn't say maximize) the return?  That might be profit or bushels or some other metric.

 

Is there general language?  Specific numbers or goals?  Faith in the tenant?  No discussion at all?