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Instructions For FSA 2591
Lease of Real Property
This form serves as the lease agreement between the Farm Service Agency as lessor, and lessee of inventory property.
The original of the form is included in the inventory property case file in the FSA servicing office, and a copy is given to the lessee.   
 
Part A, items 1-6 are for FSA use only.


Fld Name /Item No.

Instruction

1
Lessee’s Name

Insert the complete name of the lessee in the space provided.

2
Lessee’s Social Security  or Tax Identification Number

Enter the social security number of the lessee if an individual, or the tax identification number if an entity.

3
Lessee’s Address

Enter the complete address of the lessee, including the zip code.

4
Effective Date of Lease

Enter the starting date of the lease.

5
Date Lease Ends

Enter the date the lease ends.

6
Amount of Lease

Enter the total amount of the lease.



Part B Item 1 - is for FSA use only.


Fld Name /Item No.

Instruction

1(a)
Location

Enter the address of the leased property if available, a legal description, or approximate location of property if legal description in lengthy, and no street address is available.

1(b)
County

Enter the name of the county where the leased property is located.

1©
State

Enter the name of the state where the leased property is located.


Part B Items 24-25 are completed by the lessee.



Fld Name /Item No.

Instruction

24
Lessee’s Signature

If you are mailing or faxing this form print the form and manually enter your signature.  If this form is approved for electronic transmission and you have established credentials with USDA to submit forms electronically, use the buttons provided on the form for transmitting the form to the USDA Servicing office.

25
Date

Enter the date you are signing the form.






Part B Items 26-29 are for FSA use only.


Fld Name /Item No.
Instruction
26
Name of Authorized Agency Official
Type or print the official name used by the Authorized Agency Official.
27
Title of Authorized Agency Official
Type or print the working title of the Authorized Agency Official.
28
Signature
The Authorized Agency Official will enter his/her signature in the box.
29
Date
The Authorized Agency Official will insert the date he/she signs the form.




Part C is for FSA use only.


Fld Name /Item No.
Instruction
Special Stipulations
Enter in narrative form any special stipulations that are to become a part of this lease and which are not covered in the items above.  For instance, the due date of payments to be made on the lease could be spelled out in this area.




Part D is for FSA use only.


Fld Name /Item No.
Instruction
1
Lease Type Code
Enter the number from the following list that applies to the lease:

01 - Lump Sum                        32 – Crop Percentage Farm Buyback
02 – Crop Percentage            33 – Monthly FBB
03 – Monthly                             34 – Periodic Payments FBB
04 – Periodic Payments         41 – Lump Sum With Option 
21 – Lump Sum Homestead           to Purchase (OP)
         Protection (HP)               42 – Crop Percentage OP
23 – Monthly HP                       43 – Monthly OP
24 – Periodic Payments HP   44 – Periodic Payments OP
31 – Lump Sum Farm
         Buy-Back (FBB)
2
Lessee Type Code
Enter the number from the following list that applies to the lease:

01 – Individual                          06 – Non-Profit
02 – General Partnership       07 – Association of Farmers
03 – Limited Partnership        08 – Organization of Farmers
04 – Corporation                     09 –Beginning Farmer
05 – Public Body                     10 - Farmer 
3
Lessee Relationship Code
Enter the number from the following list that applies to the lease:

01 – Immediate Previous Borrower-Owner
02 – Spouse of Previous Borrower – Owner Actively Engaged in Farming
03 – Child of Previous Borrower-Owner Actively Engaged in Farming
04 – Stockholder of Corporation That Was Previous Borrower-Owner
05 – Immediate Previous Family Size Farm Operator
06 – Operators of Not Larger Than Family-Size Farm
07 – Indian Member of Tribe That Has Jurisdiction
08 – Indian Corporate Entity
09 – Indian Tribe Itself
10 - Unrelated
4
Lessee Kind Code
Enter the number from the following list that applies to the lease:

00 – All others
05 – Socially Disadvantaged – Ethnic
06 – Socially Disadvantaged – Gender