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Farmers / Lease FAQs
If I become the highest bidder, will I necessarily be selected to sign the lease agreement?
No, Every of our auctions has this auction term: winning bidder will not necessarily be selected as the tenant, subject to landowner’s review & approval of winning bidder’s Renter Profile.
Who pays for the property taxes, Land owner or tenant?
Land owners pay for the property taxes unless otherwise stated on the auction listing page.
What is the Bidder Selection Process after the auction closes?
After the auction closes, we are in the Bidder Selection Process during which we collect the renter profile of the highest bidder and 2nd highest bidder by either pulling from our database or calling a few local farmers or the references we have.
What happens If the auction fails?
- Land owner negotiates with bidders through us;
- the land is relisted for auction.
- land is taken off the market.
Could I get a copy of the lease agreement before the auction closes?
Yes. Before the auction closes, we normally upload the lease agreement specific to that auction onto the auction listing page.