Terms & Conditions

📋Acceptance of Terms

These Terms and Conditions ("Terms") govern your access to and use of the ExtrAcre online farmland rental auction platform operated by ExtrAcre Farmland Inc. ("ExtrAcre", "we", "us", or "our"), accessible at auction.extracre.com.

These Terms apply to all visitors, registered users, bidders, and landowners who access or use the platform in any capacity. By using this platform, you agree to comply with and be legally bound by these Terms.

🌾About the Platform

ExtrAcre operates Canada's first online farmland rental auction platform, facilitating competitive rental auctions between Saskatchewan farmland landowners and qualified farmers. ExtrAcre acts as an intermediary service — it is not a party to any lease agreement entered into between a landowner and a tenant.

All auctions listed on the platform are for farmland rental purposes only, unless otherwise explicitly stated.

👤Registration & Eligibility

To place bids on the ExtrAcre platform, you must complete the registration process. By registering, you represent and warrant that:

• You are at least 18 years of age and legally capable of entering into binding contracts.
• All information provided in your registration form is accurate, current, and complete. The completeness and quality of your registration information is taken into consideration when ExtrAcre and landowners evaluate bidder suitability.
• You will promptly update your registration information if any details change.
• You will not register on behalf of another person without their express authorization.

For land packages comprising more than 10 quarter sections, ExtrAcre may require submission of third-party financial statements as part of the registration or qualification process.

A signed credit check authorization form (delivered via email) may also be required to complete your registration. Credit checks will only be conducted for competitive bidders — that is, those whose bids are being actively considered for award.

🔒Identity Verification & Credit Card Requirement

All registered users are required to provide valid credit card information upon registration. Your credit card is used solely for the purpose of identity verification — to confirm that you are a real, identifiable individual. No charge is applied to your credit card at the time of registration.

Your credit card information is handled by a certified third-party payment processor using industry-standard SSL encryption. ExtrAcre does not store your full credit card details on its servers.

Your credit card may be charged only in the event that you are selected as the winning bidder and subsequently default on your obligation to sign the lease agreement within the required timeframe. See Section 9 (Default & Consequences) for details.

⚖️Bidder Selection & Award of Land Package

Submitting the highest bid does not automatically entitle a bidder to be awarded a land package. ExtrAcre and the landowner consider multiple factors when selecting the successful tenant, including but not limited to:

• The bid amount submitted
• The completeness and quality of the bidder's registration and Renter Profile
• The bidder's farming experience, reputation, and references
• The bidder's financial capacity and creditworthiness (where assessed)
• The landowner's personal preferences and specific requirements

The landowner retains the absolute right to reject any or all bids, and to decline to enter into a lease agreement with any bidder, at their sole discretion.

💰Service Fees

Use of the ExtrAcre bidding platform is completely free of charge to all registered bidders. There are no registration fees, bidding fees, or platform usage fees payable by farmers or other bidders at any time.

ExtrAcre's service fees are charged exclusively to landowners, in the form of a commission on total rent collected over the lease term, as agreed in a separate service agreement between ExtrAcre and the landowner.

📄Auction Closure & Lease Obligation

Upon the closing of an auction and formal notification by ExtrAcre that you have been selected as the successful bidder:

• Both the selected bidder and the landowner are obligated to execute a lease agreement within three (3) business days of receiving notice of award.
• The lease agreement will reflect the terms set out in the auction listing, including the winning bid amount, lease term, payment schedule, and land use conditions.
• Failure by either party to sign within the required timeframe without reasonable cause constitutes a default under these Terms.

ExtrAcre operates a Soft Close auction system — the auction closing time is automatically extended by five (5) minutes each time a bid is placed near the scheduled closing time, and the auction closes only after a full five-minute period passes with no new bids. This ensures a fair and transparent closing process.

🤝Legal Contracts

ExtrAcre provides standard legally drafted lease agreements for use in all rental auctions conducted through the platform. These contracts constitute a legally binding agreement between the landowner and the selected tenant and are governed by the laws of the Province of Saskatchewan.

ExtrAcre strongly recommends that both parties review the lease agreement carefully prior to signing, and seek independent legal advice if required. The lease agreement uploaded to each auction listing is the specific contract that will be executed upon award — bidders are encouraged to review it before placing a bid.

⚠️Default & Consequences

A bidder is considered to be in default if, after being formally selected as the successful bidder, they:

• Refuse or fail to execute the lease agreement within three (3) business days of notification;
• Provide false or materially misleading information during registration or the bidding process;
• Withdraw from the transaction without reasonable cause after selection.

In the event of default by a bidder, ExtrAcre reserves the right to take one or more of the following actions:

• Charge a default fee to the credit card provided at registration, in an amount determined by ExtrAcre at its discretion, reflecting administrative costs and damages incurred.
• Permanently suspend or terminate the defaulting bidder's account and bar future registration on the platform.
• Proceed to the next-ranked bidder for the award of the land package.

🛡️Limitation of Liability

ExtrAcre provides its platform on an "as is" basis. To the fullest extent permitted by applicable law, ExtrAcre makes no warranties, express or implied, regarding the platform's availability, accuracy, or fitness for a particular purpose.

ExtrAcre is not a party to any lease agreement entered into between a landowner and a tenant through the platform. ExtrAcre is not responsible for any breach, dispute, or loss arising from such agreements after execution.

In no event shall ExtrAcre's total liability to any user for any claim arising out of or related to these Terms or use of the platform exceed the total fees, if any, paid by that user to ExtrAcre in the twelve (12) months preceding the claim.

🔐Privacy

ExtrAcre collects and uses personal information in accordance with its Privacy Policy and applicable Canadian privacy legislation, including the Personal Information Protection and Electronic Documents Act (PIPEDA).

Personal information collected during registration — including credit card details for identity verification — is handled by certified third-party processors and is never sold or shared with third parties for commercial purposes.

Credit checks, where conducted, are carried out only with your explicit written authorization, and only for competitive bidders actively under consideration for a land package award.

📝Modifications to These Terms

ExtrAcre reserves the right to update or modify these Terms at any time. When material changes are made, the updated Terms will be posted on this page with a revised effective date. Your continued use of the platform following the posting of updated Terms constitutes your acceptance of those changes.

We encourage you to review these Terms periodically to stay informed of any updates.

📞Contact Us

If you have any questions about these Terms and Conditions, please contact us:

• ExtrAcre Farmland Inc.  ·  SW 14-18-19 W2, R.M. of Sherwood No. 159, SK
• Robin Liu — Founder & Licensed Auctioneer (License #507581)
  📞 (306) 690-6786  ·  WeChat: L6906786
• Website: auction.extracre.com