This short term Grazing Agreement can be used in England and Wales for a fixed period of two years or less where the permitted purpose is restricted to the trade or business of grazing livestock such as horses, cattle or sheep owned by the tenant. In view of its short term, the tenant takes the fences and other fixed equipment on an "as is" basis with neither party being under any obligation to maintain or repair and the rent is not review-able.
The tenancy granted under the Grazing Agreement is a farm business tenancy within the meaning of the Agricultural Tenancies Act 1995 and it is very important that both landlord and tenant give each other a statutory notice before either sign the agreement (or the tenancy begins, if earlier). An appropriate pre-tenancy notice is included in the package - a Notice of Intention to Create a Farm Business Tenancy Notice (an FBT Notice).
If appropriate notices are not given, the tenant could claim security of tenure - the right to remain in occupation of the land indefinitely even though the agreed period of the tenancy has ended.