Share Rent Characteristics in Illinois
The following publications shows how landlords and tenants share
returns and costs when farmland is share rented. The publications
are broken down by region in the state. In northern and central
Illinois, share rent leases typically are 50 percent leases in which
the landlord and tenant equally share in revenue from the farm.
In southern Illinois, share rent leases are more varied with a 2/3
- 1/3 lease being common. Under a 2/3 - 1/3 lease, the tenant receives
two-thirds of the revenue from the farmland while the landord receives
one-third of the revenue.