Code of Federal Regulations (alpha)

CFR /  Title 25  /  Part 162  /  Sec. 162.234 Must a tenant provide a bond under an agricultural lease?

Unless otherwise provided by a tribe under Sec. 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 Sec. 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.