When Does the Buyer Get Possession? Top 50 Questions about Farmland
Hey, it's the Iowa Land guy, and here's the top 50 questions that I get asked about farmland. When does the buyer get possession? The buyer gets possession when the money changes hands most often than not. Uh, the real date of possession is whatever's written on the purchase agreement. When the deal is executed.
Now realize if there's a lease in place, uh, that even though the possession might take place, that you own the farmland. There might be a lease in place where there's an operator that is going to be operating on that farmland until the lease is expired. Oftentimes in Iowa, that is March. But back to the question, when do I get possession of the property?
When can I go walk my property Normally, whenever the money changes hands
David Whitaker | Iowa Land Guy