(a) The lease agreement shall contain the following details, terms and conditions namely:-
(i) The names of the Land owner - Lessor and Lessee Cultivator;
(ii) Survey number, boundaries, location and area of leased out land;
(iii) The duration of the lease expressed in months or years and including the starting and ending dates of the lease and should be compatible with the crop cycle/agricultural year;
(iv) The lease amount/ consideration and the due date of such amount payable by the Lessee Cultivator;
(v) The terms and conditions for renewal or extension of lease if any;
(vi) Any major default which shall invoke termination of lease;
(vii) Any other mutually agreed provision, consistent with the terms of this Act.
(viii) The list of agricultural activities for which the leased land will be used by the Lessee
(b) On the whole Agriculture & Allied Activities shall cover Activities defined under National Industrial Classification (All Economic Activities) 2008 broadly covered under Section A:
Division 01 (Except for Group 17), Division 02 & Division 03
(c) Government shall not fix the duration of the lease period, as this shall be decided and mutually agreed upon by the Land owner - Lessor and the Lessee Cultivator;
Provided further that any period of lease as per the lease agreement under this Act shall not create an protected tenancy right on a Lessee;
(d) Government shall not fix a minimum or maximum lease amount in fixed cash or kind or share of produce to be given to the Land owner - Lessor for use of the land as this shall be decided and mutually agreed upon by the Land owner- lessor and the Lessee Cultivator.