Code of Federal Regulations · Section

§ 162.234 — Must A Tenant Provide A Bond Under An Agricultural Lease?

25 C.F.R. § 162.234

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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. § 162.233 25 C.F.R. § 162.235

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