25 C.F.R. § 162.234

Current through September 30, 2024
Section 162.234 - Must a tenant provide a bond under an agricultural lease?

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.

25 C.F.R. §162.234