Just wondering how people handle the situation of rent in wet years and unseeded acres especially on a lease that is for seeded acres?
Do you pay nothing as both the landlord and tenant were aware that payment is 0 if unseeded?
Do you pay full rent on the acres you typically would have seeded on the field? Good will gesture as you don't intend to pay nothing.
Do you pay the value of the taxes on the land so the landlord is not at a loss on the land for the year but tenant is not out the entire rent while having no crop off the land?
Do you pay nothing as both the landlord and tenant were aware that payment is 0 if unseeded?
Do you pay full rent on the acres you typically would have seeded on the field? Good will gesture as you don't intend to pay nothing.
Do you pay the value of the taxes on the land so the landlord is not at a loss on the land for the year but tenant is not out the entire rent while having no crop off the land?