What to consider before entering into cannabis lease

Posted by Greenzone Props on February 13th, 2018

Do you want to buy or take a land for lease to yield cannabis? Then, you need to find the best and reliable Cannabis property desert hot spring real estate agents in your locality to find the best places to grow produce and manufacture cannabis. These people will show you the best locations by taking the rules of government into consideration. Ideally, the government will not let people grow this medicinal drug in the public places and close to schools. The lands should be located at least 1000 meters away from the public areas. In addition, these people will help you in getting the required license to grow cannabis. They get all the permits and ensure that you are buying the land that is legal to grow cannabis. In case, if you are leasing the land to grow this medicinal drug, then they convey the landlord about what would be grown in the land to avoid legal complications down the line.

People who want to venture into this business should get the license from the government to grow and manufacture this drug. The landlord or tenant who is violating the rules of government would be penalized and are imprisoned.

Few of the points one need to consider before entering into the Cannabis real estate California lease

Profit share: There are a few landlords who agree to lease the tenants growing cannabis in their lands only when the profits are shared with them in addition to the rent. It is crucial for both the parties to go through the local rules and regulations prior to entering into the profit sharing agreement irrespective of the percentage of profit shared between the parties.

Licensing corporation: The license is approved by the government only when the land is far off from the city. This is evidence that the license is approved based on the location where you are planning to grow cannabis. It is crucial for the tenant to make sure that no new rules are enforced by the landlord after cutting the agreement of tenancy. If the tenant needs to move off from the place, the person has to shift the license. If the government is giving any attribute to the cannabis license holders like water right, then the landlord should make sure that the tenant is benefitting from it.

Access: There are stringent rules imposed by the government on who can enter into the premises of where cannabis is produced. It should be explicitly mentioned about whether or not the landlord is permitted to enter the premises where cannabis is produced. You need to outline that no one is allowed to enter the premises except the people who hold the license.

Environmental issues: This point has to be covered without a miss in the lease about the fertilizers and pesticides to be used in the land to grow cannabis and where the byproducts of the cannabis should be disposed. There are specific environmental and cannabis rules that landlord and tenant should abide while preparing a lease agreement.