Common Contracts
1 similar Cash Lease Agreement contracts
SAMPLE CASH LEASE AGREEMENTCash Lease Agreement • July 9th, 2024
• Rental income earned by a landlord can be included as earnings in calculating the maximum allowable RRSP contribution, and in calculating Canada Pension Plan (CPP) contributions. A bargain purchase option exercised at a price significantly lower than the fair market value at the end of the lease can create an unexpected tax liability. An accountant or farm management advisor should be consulted before entering into any custom farming arrangement or lease which contains a bargain purchase option. D. Legal Rights in Leasing Land • A lease is enforceable in court, providing a valid contract exists. If the tenant has paid rent, or has done field work on the leased land, a valid contract exists.• Unless waived in the lease agreement, The Real Property Act gives the tenant the right to have possession of the land without interference from the landowner. The act also gives the landlord the right to repossess and occupy the property if the tenant has not paid the rent for a period of t
