Subdivision 1. Definition. For the purposes of this section, "farm tenancy" is a tenancy involving 40 or more acres of tillable land or crop land rented for agricultural purposes.
Subd. 2. Continuation of tenancy. Upon the death of a life tenant between March 2 and the following October 31, a farm tenancy granted by the life tenant shall continue until the earlier of the following March 1, the completion of harvest, or the expiration of the lease by its terms. If a life tenant dies between November 1 and the following March 1, the farm tenancy shall continue for the following crop year and shall terminate on the earlier of the March 1 following that crop year, the completion of harvest, or the expiration of the lease by its terms. However, if the lease is binding upon the remainderperson by specific commitment of the remainderperson, the lease shall terminate as provided by that commitment.
Subd. 3. Rental value. A remainderperson who is required by subdivision 2 to continue a tenancy shall be entitled to a rental amount equal to the prevailing fair market rental amount in the area. If the parties cannot agree on a rental amount, either party may petition the district court for a declaratory judgment setting the rental amount. The costs of the action shall be apportioned between the parties by the court.
1981 c 370 s 1; 1986 c 444
Structure Minnesota Statutes
Chapters 500 - 515B — Property And Property Interests
Chapter 500 — Estates In Real Property
Section 500.01 — Division As To Quantity.
Section 500.02 — Estates Of Inheritance.
Section 500.03 — Effect Of Conveyance To Grantee In Fee Tail.
Section 500.04 — Conveyance By Owner Of Fee Tail Estate.
Section 500.05 — Division Of Realty Or Personalty.
Section 500.06 — Division As To Time.
Section 500.07 — Estates In Possession.
Section 500.08 — Estates In Expectancy.
Section 500.10 — Future Estate; Statutory Remainders.
Section 500.11 — Future Estates; Inclusiveness.
Section 500.12 — Future Estates; Contingent.
Section 500.14 — Future Estates Construed; Validity; Creating Instruments.
Section 500.15 — Future Estates; Protection From Destructibility Rules.
Section 500.16 — Expectant Estates: Descendible, Devisable, Alienable.
Section 500.17 — Future Estates; Rents And Profits.
Section 500.18 — Commencement Of Expectant Estates.
Section 500.20 — Defeasible Estates.
Section 500.21 — Application To Ground Lease.
Section 500.215 — Limits On Certain Residential Property Rights Prohibited; Flag Display.
Section 500.221 — Restrictions On Acquisition Of Title.
Section 500.222 — Exempt Acreage In Land Exchange.
Section 500.24 — Farming By Business Organizations.
Section 500.245 — Right Of First Refusal For Agricultural Land.
Section 500.25 — Rights Of Farm Tenants On Termination Of Life Estates.