Common use of Compensation for improvements Clause in Contracts

Compensation for improvements. The Operator may make improvements to buildings, fences, or water systems and other items listed in the table below at Operator’s own expense and consistent with the terms of the lease, provided consent of the Owner has been given and provided these improvements shall not be removed when the Operator leaves the farm. The Operator shall receive compensation from the Owner for the undepreciated value of these improvements upon termination of the lease, provided the value, depreciation starting date, and rate of depreciation have been agreed upon and entered in the schedule at the end of this lease.

Appears in 2 contracts

Sources: Farm Lease, Farm Lease