Making Money With Hunting Leases
Hunting is big business. Paper companies buy up more tracts of land and public hunting ground gets more crowded. Lots of hunters are looking to leases for an affordable alternative to land ownership.
Leasing property isn’t without risks, but if you set the proper tone with prospects from the outset and vet potential lessees thoroughly, risks can be mitigated to an acceptable level.
First and foremost, no matter who you lease to, you’ll want a clear-cut contract that spells out your terms. Common things to clear up on the front end regard firearms (if you have a smaller piece), camping, ATV and recreational riding seasons, and guest hunters. There are other aspects to consider, but if you get a good sense of the hunter’s character, you’ll know right away whether or not they would be a good fit and keep you from stressing about every little thing.
Simple contract templates can be found online. To give it legal teeth, however, you’ll want to have your contract signed by a notary so there’s proof that the document was agreed upon by all parties involved.
Once you’ve determined that your lessee(s) poses little risk, take them around the property and show them the boundaries, which you ought to have clearly marked in accordance with state regulations. For Instance, many states recognize purple paint as meaning “NO TRESPASSING/HUNTING.”
Second, once the ink is dry and everything is all set, make sure each person hunting has a copy of a handwritten permission slip with your phone number. This is to avoid problems if a neighbor finds a stranger on your land and doesn’t believe that he has permission to be there.
As far as what price to charge, that’s up to you based on your payment. Most leases are done by the year, and it’s best to require a lump sum to avoid backsliders who pay late. Even the cheapest hunting leases can bring in thousands of dollars a year, and if you have a plot in the midwest with big deer on it, you can charge for that premium.