grazing land lease

[rglovett]

We just bought property in Waller county Texas. We want to keep the ag exemption but aren't ready to have our own cows. We were offered to lease our land to a neighbor. I'm curious if this would keep our ag exemption and if there was a standard lease agreement we could use.

[Texas PaPaw]

Yes, leasing your pasture to someone else can maintain the ag use exemption. Contact your county appraisal district to see what there requirements are. They may require a form/application.

Google "pasture lease agreement". Should get several good examples.