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Formal written land leasing contracts offer an alternative to land purchase for those farmers wishing to expand their … beginning farmers with resources insufficient to purchase land. Formal land leasing contracts vary in terms of their duration …
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This paper explores the connection between tenant riskiness, commercial lease length and the term structure of lease contracts. Theory shows that the possibility of default on a long-term lease generates a risk/lease-length connection. The empirical work uses a large CompStak lease dataset...
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