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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
2 year FBT on 2.3 acres pasture
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<blockquote data-quote="Dry Rot" data-source="post: 6557834" data-attributes="member: 4505"><p>From college I remember this from valuation: "Value is that price agreed between a willing buyer and a willing seller". The paddock is worth to you what you are willing to pay for it, so apparently £300. If the seller wants more, walk away. </p><p></p><p>But I'd suggest you first explain to them, quietly and sweetly, that you've leased the land for a reasonable sum all these years and it has been a trouble free and convenient arrangement for both parties. If they get a bad tenant, how much will their lawyers charge for even looking at their problem? Certainly more than £300! And they will still be stuck with the bad tenant.</p><p></p><p>My guess would be that the agent has a fixed sum in mind for such small areas of ground from renting, as others have said, for horse lets. That will include his own fee, the lawyer's fee, and a return to the owners for management. If so, they will know all about the hassle that comes with these small items. Suggest they let things lie under the existing verbal agreement and be grateful for small mercies!</p></blockquote><p></p>
[QUOTE="Dry Rot, post: 6557834, member: 4505"] From college I remember this from valuation: "Value is that price agreed between a willing buyer and a willing seller". The paddock is worth to you what you are willing to pay for it, so apparently £300. If the seller wants more, walk away. But I'd suggest you first explain to them, quietly and sweetly, that you've leased the land for a reasonable sum all these years and it has been a trouble free and convenient arrangement for both parties. If they get a bad tenant, how much will their lawyers charge for even looking at their problem? Certainly more than £300! And they will still be stuck with the bad tenant. My guess would be that the agent has a fixed sum in mind for such small areas of ground from renting, as others have said, for horse lets. That will include his own fee, the lawyer's fee, and a return to the owners for management. If so, they will know all about the hassle that comes with these small items. Suggest they let things lie under the existing verbal agreement and be grateful for small mercies! [/QUOTE]
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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
2 year FBT on 2.3 acres pasture
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