If you have a section of land that is getting little use, you might be able to earn a bit of income from it by arranging for a hunting lease. This is an agreement between you and a lessee that lets them use the land for certain purposes (usually fishing or hunting) for a set period of time. They pay by the acre, agree to the terms, and have full use of the land—subject to any stipulations you impose. To help you determine if such a lease fits your needs, Neeley Forestry Service, an experienced land management company in Camden, AR, shares a few important facts about hunting leases.

What You Need to Understand About Hunting Leases

1. The Right Property Can Be Lucrative

If your property is full of deer, waterfowl, or other popular game animals, hunters might willingly pay good money for permission to hunt or fish on your land or waters. However, the amount you can command depends on what sort of species inhabit the area and how abundant they are. In fact, if the land contains more than one plentiful species, you might be able to arrange for leases all year-round. 

2. A Hunting Lease Is a Legal Contract

Once you've signed a hunting lease, you cannot revoke permission, even if you change your mind and decide to use the property for other purposes. You must wait until the lease expires or request permission from the lessee. Because of the legalities, it's important to seek counsel from an attorney or an experienced land management company before signing on the dotted line.

3. You Could Be Liable if Unfortunate Events Occur

If an accident, hunting mishap, or other unfortunate event should occur on your property, you could conceivably find yourself sued by one or more parties. To protect yourself, have adequate liability insurance coverage on the property. This reimburses claimants for any damages or medical treatments required, and it also pays for lawyer fees, court costs, and judgment or settlement amounts.

To discuss the ramifications and practicalities of a hunting lease on your property, contact Neeley Forestry Service, the premier land management and timber appraisal company in Camden. They can determine if such a course makes sense for your situation. They'll guide you through the process and make sure it goes smoothly and securely. Contact them online or call (870) 836-5981 to discuss your options with a friendly, helpful representative.