Comment by georgeburdell
2 days ago
Not a lawyer but my understanding is that a valid contract must involve an exchange of value from both parties
2 days ago
Not a lawyer but my understanding is that a valid contract must involve an exchange of value from both parties
Yes, but that value can be pretty trivial. It's not uncommon in the UK to have a 'ground rent' of one peppercorn a year (for weird reasons of property ownership rules of flats).
Having a rancher grow hay and graze their animals on your property is valuable: it means you don't have to take care of the land, which might otherwise become host to invasive species, or overgrown.
A neighbor used to let us graze horses on his property for the same reason: "that way I don't have to bother mowing it."