Iowa Land Sales & Farm Management would like to remind all landowners that it’s the time of year to give proper termination of their farm leases to tenants if they plan on renegotiating, selling, finding a new tenant, or modifying the lease in any way.
A farm lease automatically continues from year to year unless a notice of termination is given by either party. Under Iowa law, the lease termination notice must be properly served by September 1, prior to the end of the lease year. The termination notice must fix the termination of the tenancy on the following March 1. If notice is not served, the lease continues for another crop year upon the same conditions as the original lease. However, if mutually acceptable to all parties concerned, a lease can be terminated or modified at any time.
Written notice may be given as follows:
- By delivery of the notice, on or before September 1, with acceptance of service to be signed by the party to the lease or by a successor of the party receiving the notice.
- By serving the notice, on or before September 1, personally, or if personal service has been tried and cannot be achieved, by publication, on the same conditions and in the same manner as is provided for the service of original notices. When the notice is served by publication, no affidavit is required. Service by publication is completed on the day of the last publication.
- By mailing the notice before September 1 by certified mail. Notice served by certified mail is made and completed when the notice is enclosed in a sealed envelope, with the proper postage on the envelope, addressed to the party or a successor of the party at the last known mailing address, and deposited in a mail receptacle provided by the United States Postal S
If you need assistance or have any questions concerning lease terminations, contact your attorney. If you’d like help with how to restructure your lease and the terms involved, contact Iowa Land Sales & Farm Management, and we’ll be glad to assist.