A grazing lease is a document that gives a person of a landowner the right to authorize cattle to graze on their land with other authorized livestock species. The rent can be calculated according to different species, for example. B according to the authorised area, the number (#) of animals or a combination. The agreement is concluded after the signatures of both parties. Step 5 – Complete section 5 with any additional changes in section 6. All parties must sign the contract on the last page and the treaty is deemed legally binding. Appendix d: Standard Letter of Breach of Contract Once you have signed a lease, you have entered into a contract and are bound by its terms, except in a few rare situations. if you need to break your rental agreement unexpectedly (i.e. withdraw before the expiry of the 4-hour horse and pony rental agreement e.l.