Agricultural Development Act Article 21

The duration, rent and the method of rental payment of agricultural land lease agreements, which were/are concluded after the implementation of this revised Act of January 4, 2000, are mutually agreed upon by the lessor and the lessee, they shall not be subject to the limitation clause as stipulated in Articles 110 and 112 of the Land Act. A lease period exceeding one year without concluding any written agreement shall not be subject to Article 422 of the Civil Code.The lease relationship of the aforesaid agricultural land lease agreement with the prescribed period of lease shall be extinguished upon the expiration of the prescribed period, and shall not subject to Article 451 of the Civil Code and Articles 109 and 114 of the Land Act. In the event where the parties concerned agree to terminate the lease agreement before the expiry date of the prescribed period, the lease relationship shall be extinguished at the time of termination. The other party shall be noticed of the said termination six months prior to the termination; in cases where the prescribed period of the agreement is shorter than six months, the other party shall be noticed 15 days prior to the date of the termination.Where there is no provision with regard to the prescribed period in the agricultural land lease agreement, both parties to the agreement may terminate the agreement at any time, provided that a six-month prior notice is made to the other party.