Farm business tenancy is a type of lease agreement specifically designed for agricultural land. It allows farmers to rent land for farming purposes, providing them with the flexibility to manage and cultivate the land without owning it. This arrangement can help new farmers start their businesses or allow existing farmers to expand their operations. Under farm business tenancy, the terms of the lease are typically set for a fixed period, often ranging from one to several years. The agreement outlines the rights and responsibilities of both the tenant and the landlord, ensuring that both parties understand their obligations regarding land use, maintenance, and rent payments.