Tenant farmers are warned to look carefully at clauses within new Farm Business Tenancies as a rise in agreements not fit for purpose are reported.
Speaking on the issues, Philip Meade from Davis Meade Property Consultants said, “We are seeing a rise in the number of FBT agreements containing clauses which either provide the landlord with unreasonable rights or provide the tenant with significant liabilities.
“One such clause which we have seen recently is the ability for a landlord to recover legal costs from a tenant for merely contemplating bringing an action against the tenant.
“It’s therefore essential that tenants seeking to take on additional land go through their agreements with a fine tooth comb in order to weed out clauses which might cause a problem in the future.”
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Speaking on the issues, Philip Meade from Davis Meade Property Consultants said, “We are seeing a rise in the number of FBT agreements containing clauses which either provide the landlord with unreasonable rights or provide the tenant with significant liabilities.
“One such clause which we have seen recently is the ability for a landlord to recover legal costs from a tenant for merely contemplating bringing an action against the tenant.
“It’s therefore essential that tenants seeking to take on additional land go through their agreements with a fine tooth comb in order to weed out clauses which might cause a problem in the future.”
Read the full article here >>>
