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Code of Federal Regulations Title 25. Indians § 25.162.234 Must a tenant provide a bond under an agricultural lease?

Current as of October 02, 2022 | Updated by FindLaw Staff

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.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 25. Indians § 25.162.234 Must a tenant provide a bond under an agricultural lease? - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-25-indians/cfr-sect-25-162-234/

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