ExtraAcre charges seller only 3% on rental.
When listing your land for rent, you may designate a rental length of from 1 to 10 years.
Upon auction close, a lease agreement with a bidder is established, seller will be invoiced 3% of of the total rental rate for each of the years designated in the length of the rental agreement upon auction close
In instances where the per acre price offered by bidders does not meet your reserve price, then you will not be charged.
Landlord has an option to list land for rent by auction based on Crop Share Rental Arrangements. On crop share transactions, ExtrAcre collects a flat fee of $2.00 per acre.
After the auction is close, winning bidder and landowner are obligated to sign a lease agreement within 3 days.
ExtrAcre.com also provides legal contracts. These contracts serve as a legally binding agreement between you and the successful bidder.
Upon auction is closed, in instances where your terms and conditions are not met, you may resubmit your land for auction or accept the bid of the second highest bidder.