§ 162.234. Must a tenant provide a bond under an agricultural lease?
100 words·~1 min read·
/us/cfr/t25/s§ 162.234·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Unless otherwise provided by a tribe under § 162.203 of this subpart, or waived by us at the request of the owners of a majority interest in an agricultural lease tract, the tenant must provide a bond to secure:
(a)The payment of one year's rental;
(b)The construction of any required improvements;
(c)The performance of any additional lease obligations, including the payment of operation and maintenance charges under § 162.228(b) of this subpart; and
(d)The restoration and reclamation of the leased premises, to their condition at the commencement of the lease term or some other specified condition.