Description
The State of North Carolina, Department of Administration, State Property Office – Leasing Section, is seeking proposals for the lease of 539 acres of farmland located at West Side State Road 1108 and the South Side of State Road 1125, in Northampton County, NC. The lease term will be for five years, and the land will be used exclusively for agricultural purposes. The proposal must include a certified or cashier’s check, or other certified funds, representing a deposit equal to five percent (5%) of the first year’s rent. The proposal must also include the annual rent to be paid to the Lessor, calculated on a per-acre basis.
• The lease term is for five years
• The land will be used exclusively for agricultural purposes
• A deposit equal to five percent (5%) of the first year’s rent must accompany the proposal
• The proposal must be calculated on a per-acre basis and clearly state the annual rent to be paid to the Lessor
• Rental payment will be paid on a semi-annual basis, to be due April 1st and October 1st of each lease year