Offer to lease 1 1/2 arouras of royal land at a place called Panietos for one year's wheat crop, addressed by Pebaus son of Kronion to Kronion son of Heron. The lessee bears labour, seed and irrigation, while the lessor pays the public dues and has already received the price in full. Written at Tebtynis in the Arsinoite nome in AD 156.
In English machine translation
To Kronion son of Heron, grandson of Herakleios,
from Pebaus son of Kronion.
I wish to lease from you for
the present twentieth year only
1 1/2 arouras of royal land
from the eastern part,
by the measuring line, out of 3 arouras,
in the place called Panietos,
for sowing with wheat, the labour, seed
and irrigation being the responsibility of Pebaus, and all the public
dues
being the responsibility of Kronion, who also has received
the price of what is sown in full, from hand to hand, and will guarantee (the lease) with every
guarantee.
Kronion, aged about 48, scar on the shin.
Year 20 of Antoninus Caesar
the lord, Phaophi.
The lessor, who holds royal land, is subleasing it; since he has already been paid 'the price of what is sown', the arrangement resembles a sale of the crop in advance.
Working translation of the DDbDP edition, made with Claude Opus 5.5 from the edition and the catalogue records shown below (catalogued as Affitto di terreno). It has not been reviewed by a papyrologist: check the edition before citing. Restorations follow the edition; […] marks lost text and (?) an uncertain reading.