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Your farmland leases and the importance of September 1st in Nebraska and Iowa…

Your farmland leases and the importance of September 1st in Nebraska and Iowa... As we approach September 1st: There is evidence that in Nebraska and Iowa, most farm leases are oral year-to-year leases. This is important because Nebraska law governs how to terminate such leases and September 1 is a critical day should a landowner wish to terminate an oral lease. First, the law: The Nebraska Supreme Court has ruled that a farm lease begins on March 1 for oral year-to-year leases. To terminate an oral year-to-year lease, however, the Court has ruled that six months notice must be given prior to March 1. In other words, to terminate an oral year-to-year lease, a notice to quit must be received by the tenant prior to September 1 of the preceding year. Second, some examples: Example 1: The landowner as an oral year-to-year tenant. Landowner decides she wants to terminate her lease with Tenant because she wants her nephew to rent the land beginning March 1, 2020. Landowner sends a letter to Tenant and Tenant receives it October 30, 2019. Is the lease terminated so the nephew may rent it on March 1, 2020? No, the lease is not terminated because an oral year-to-year lease requires a tenant to receive notice by September 1, 2019. Here, Tenant received notice from Landowner on October 30, 2019. This means that Tenant may lease the farm land until February 28th, 2021. Example 2: Same facts as above except now, Landowner sends a notice to quit to Tenant, which Tenant receives on August 30, 2019. Is this lease terminated so the nephew may rent it on March 1, 2020? Yes, the lease will terminate as of February 28, 2020. Keep in mind the lease between Landowner and Tenant continues through February 28, 2020 but the Tenant has received a proper six months notice of termination, which is required under Nebraska law. Third, some gotchas: The above represent the default rules in Nebraska for termination of unwritten year-to-year leases. The landowner and tenant can come to a mutual, voluntary agreement to modify the default rules. Thus, if both the landowner and tenant agree, an unwritten year-to-year lease may end in June with 30 days notice. The key is that there must be a mutual, voluntary agreement to do so. If a landowner is terminating an unwritten year-to-year lease, it is advisable to do so with a letter and not in-person. Additionally, it is best to send the notice to quit with time to spare from the September 1 deadline, as the tenant must receive the notice by September 1; it is not relevant when the landlord sends the notice. Moreover, the above rules do not apply to written leases. To terminate a written lease, the landowner and tenant must merely review what the lease states about termination and follow the lease provisions. If you need clarification or just want to ask about dates and deadlines, you are welcome to contact us. We're happy to help farmland owners. Call Kevin Kermeen Broker/owner (402) 657-9656 today! Thinking of selling? Ask about our 1% commission - First Bid Last Chance Auctions. You can pay more but why? Call Kevin today!!

SOLD – SOLD – SOLD! 57 Acres – CR 15 and 38, Arlington, Nebraska

SOLD $8500/acre - 57 acres just south of highway 30, Arlington, Nebraska. Thinking of selling your farmland? Call Kevin Kermeen Broker/Owner today (402) 657-9656 - ask about my 1% First Bid Last Chance Auction System. We SELL Everything!

SOLD! SOLD! SOLD! PASTURE LAND – TL 17 COUNTY ROAD P10, HERMAN, NE 68029

SOLD! 16-acres for pasture land and to create your own little house on the prairie. Peaceful private setting with trees, wildlife, and live creek. Land offers several scenic building sites with potential for a walk out. Enjoy the views of rolling hills & farmland, perfect for building your dream home. Plenty of pasture for raising cows, goats, horses with rolling hills, wooded area.

SOLD! SOLD! SOLD! 30 Acres – North of Bennington in Washington County.

Small acreage development land opportunity! OR... Bring your horses, bring your tractor. INCREDIBLE VIEWS await you on this buildable parcel of land! NOT builder attached... yet!. Blair address, Bennington school district in Washington County. Well and septic system to be installed by buyer. Thinking of selling?... Call Kevin Kermeen Broker/Owner today (402) 657-9656 - ask about my 1% First Bid Last Chance Auction System.

SOLD! SOLD! SOLD! – 30 +/- Acres – BENNINGTON SCHOOL DISTRICT/Washington County…

SOLD! SOLD! SOLD! To be Auctioned  - First Bid Last Chance Auction! BENNINGTON SCHOOLS in Washington County. 30 +/- acres with NO covenants. Currently farmland but opportunity for small acreage development, build your dream acreage home, horse acreage, hobby farm, shop building with home. Lots of wildlife to see and hunting opportunities. Tranquil setting. Unique Opportunity, don't miss this one. Thinking of selling? Want SOLD results?... Call Kevin Kermeen Broker/Owner today (402) 657-9656 - ask about my 1% First Bid Last Chance Auction System.          

SOLD – 152.93 Acres Washington County – Highway 91 and CR 19, Blair, NE

Too Late... Listed and SOLD in 1 day. 152.93 Acre Farm $1,289,000-$8428/acre. WC Real Estate - Farm Division = RESULTS... Not just a for sale sign! We can sell your Farm to... Call Kevin Kermeen (402) 657-9656 (Licensed in Iowa and Nebraska)  

SOLD – 75.89 Acres Washington County – CR P11 between CR 16 and CR 14

SOLD - 75.89 Acres Washington County - CR P11 between CR 16 and CR 14

Incredible tillable farmland that WC sold in 3 days. Too Late... Listed and SOLD in 2 days. 75.89 Acre Farm. $639,000/$8420/acre WC Real Estate - Farm Division = RESULTS... Not just a for sale sign! We can sell your Farm to... Call one of our farm agents... Kevin Kermeen (402) 657-9656 (Licensed in Iowa and Nebraska) Russ Nelsen (402) 533-3960 Tim Kaup (402) 720-6470  

SOLD – 99 Acres Washington County – CR 19 and CR P20

Too Late... Listed and SOLD in 1 day. 99 Acre Farm $809,000-$8170/acre WC Real Estate - Farm Division = RESULTS... Not just a for sale sign! We can sell your Farm to... Call one of our farm agents... Kevin Kermeen (402) 657-9656 (Licensed in Iowa and Nebraska) Russ Nelsen (402) 533-3960 Tim Kaup (402) 720-6470

SOLD $8250/acre – 61 Acres Land For Sale – Highway 36 – East of Hwy 133, Omaha, Nebraska – Douglas County

 61.54 acres on paved highway 36 just East of Bennington and North of Omaha, Nebraska for sale. Close to Irvington, Ponca Hills and Bennington. Currently cash rented. Excellent opportunity for young farmer program or development. $8500 per acre!
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~ SOLD $8200/acre ~ 81 Acre Ag Land – Washington County – CR 14 (west of CR 25)

SOLD $8200/acre ~ 81 Acre Farmland in Washington County, Nebraska. Highly productive farm tract with good county road access.