§ 162.234 - Must a tenant provide a bond under an agricultural lease?

Copy with citation
Copy as parenthetical citation

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:

The payment of one year's rental;

The construction of any required improvements;

The performance of any additional lease obligations, including the payment of operation and maintenance charges under § 162.228(b) of this subpart; and

The restoration and reclamation of the leased premises, to their condition at the commencement of the lease term or some other specified condition.