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HomeMy WebLinkAbout95- Dayhuff Agricultural Lease . . AGRICULTURAL LEASE THIS AGREEMENT, made and entered into this 5th day of June , 1995, by and between the City of Bozeman, a municipal corporation located at 411 East Main Street, Bozeman, Montana 59715, hereinafter referred to as "LESSOR", and Steven G. Dayhuff of 6981 Bristol Lane, Bozeman, Montana, hereinafter referred to as "LESSEE". WIT N E SSE T H : 1. Premises Leased: For and in consideration of the rents to be paid and the covenants to be performed by Lessee as hereinafter set forth, Lessor does hereby demise, lease and let unto Lessee those certain lots, pieces or parcels of real property situated, lying and being in the County of Gallatin, State of Montana, and more particularly described as follows: The South Half of the Southeast Quarter of the Southeast Quarter (S~SEXSEX) of Section 1, Township 3 South, Range 5 East, M.P.M., containing approximately 20.2349 acres, more or less, according to a plat and survey thereof entitled Mountain Shadows Estates Masterplan, a subdivision in Gallatin County, Montana, filed in the office of the County Clerk and Recorder of Gallatin County, Montana on the 6th day of October 1970. 2. Term: To have and to hold said premises according to the provisions hereof for a period of three (3) years from and after the date first above written, and unless terminated upon notice in writing given by either party to the other not less than sixty (60) days prior to the end of the initial term or any annual extension thereof, unless sooner terminated as herein provided. 3. Consideration: Lessee shall pay to the Lessor, as rental for the demised premises, the sum of $400.00 per year. This payment shall be made to Lessor annually on or before the first day of July and shall be paid to Lessor at its principal offices in Bozeman, Montana. 4. Repairs and Improvements: Lessee agrees to protect all improvements upon said premises and to keep the same in as good condition and state of Agricultural Lease Page 1 . .' . . . repair as the same shall be at the time this Lease is executed, reasonable wear, tear and damage by the elements excepted. Any new improvements made during the term of this Lease shall remain on the land as property of the Lessor unless otherwise excepted by the terms of this Lease. The parties further agree that as of the date of this Lease Agreement, the fences which surround the leased premises may need repair and/or replacement during the term of this Lease. In this connection, and provided that it is mutually agreed upon by the parties in writing, such repair and/or replacement shall be accomplished during the term of this Lease. Lessor shall bear the cost of the materials necessary to effect this repair/replacement and Lessee shall provide the labor. 5. Use of Premises: Lessee agrees to utilize said premises in a good farmer- like manner and according to the ordinary methods of husbandry employed in the area and to commit no waste upon the property. Lessee agrees that he will not use, or permit to be used, any part of said premises for any other purpose than normal farming or grazing purposes without the prior written consent of the Lessor. Lessee further agrees to comply with all State or County laws and regulations regarding the control of noxious weeds. 6. No Assiqnment or Sublease: Lessee agrees that he will not assign this Lease nor will he sublet the premises, or any part thereof, without the prior written consent of the Lessor. 7. Surrender of Premises to Lessor: Lessee further agrees that at the termination of this Lease, whether by expiration of its term, by default or as otherwise provided herein, he will immediately surrender possession of said premises to Lessor with the improvements thereon in as good condition and repair as the same now are, reasonable wear, tear and damage from the elements alone excepted. 8. Lessor's Riqht to Terminate: Lessor hereby reserves, and Lessee grants to Lessor, the right to terminate this Lease at any time upon sixty (60) days' written notice; provided, however, that if the Lessee has seeded and fertilized the premises and said sixty (60) days run prior to grain harvest or first cutting, this Lease shall be extended until the harvest or first cutting has been completed. 9. Notice to Lessee: Agricultural Lease Page 2