Question

Emma has a leasehold estate interest in large swath of rural farmland. Emma wants to harvest crops on the land as well as cut down and sell the remaining timber on the land. Emma may a. neither cut down and sell the timber nor harvest crops b. both cut down and sell the timer and harvest crops c. cut down and sell the timber but not harvest crops d. harvest crops but not cut down and sell the

Answer 1

d. harvest crops but not cut down and sell the timber.

Step-by-step explanation:

• The leasehold agreement provides a number of exclusive rights to the lessee such as to use or make use of the land for a period of time as specified in the agreement.
• These rights, however, may also be stipulated between the owner and the lessee while signing the contract.
• The use of land for harvesting crops by the lessee in an outright right that he/she by the virtue of the agreement. However, to cut down trees or for that purpose even clearing large forest areas may not be allowed by the owner.
• These issues are normally negotiated with the owner. If the owner agrees, the lessee can cut down trees for sell under certain conditions such as split of profit, compensation, etc.