I have a neighbour who is a very good friend of mine and their garden ends at my boundary. They are asking about renting an acre of land growing a few pigs, geese and veg etc.
I like them a lot and the land is farthest away from me so I wouldn't really miss it other than a bit of grass, BPS or maybe £65 in grass license. So, maybe it's worth £200 a year to me. They want to buy it but the simple fact is that it's front of their house and any agent is going to value it way higher than they think. I've told them it is not for sale.
So, to help them out I'm thinking maybe a 10 year FBT so they can crack on and do what they like. If the ownership of the house changes, FBT ends. If they breach planning etc. FBT ends. They will have to pay all costs to set it up / fence it and I'm thinking something like £300 a year rent, fixed over 10 years. If they are doing pigs, I assume it will be a wreck if / when I get it back and there maybe costs in removing junk etc. if they just clear off.
Just wondering what the downsides are for me. Fencing maybe an issue. What price would you want for this?
I like them a lot and the land is farthest away from me so I wouldn't really miss it other than a bit of grass, BPS or maybe £65 in grass license. So, maybe it's worth £200 a year to me. They want to buy it but the simple fact is that it's front of their house and any agent is going to value it way higher than they think. I've told them it is not for sale.
So, to help them out I'm thinking maybe a 10 year FBT so they can crack on and do what they like. If the ownership of the house changes, FBT ends. If they breach planning etc. FBT ends. They will have to pay all costs to set it up / fence it and I'm thinking something like £300 a year rent, fixed over 10 years. If they are doing pigs, I assume it will be a wreck if / when I get it back and there maybe costs in removing junk etc. if they just clear off.
Just wondering what the downsides are for me. Fencing maybe an issue. What price would you want for this?