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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="Jacobus" data-source="post: 6557853" data-attributes="member: 10974"><p>Last night I checked back in the records. When we first took it on it was on a 1 year FBT at a rent of £120. When it changed to a 2 year FBT the rent went up to £260 for the two years. Subsequently the rent went up again to £300 for two years. Then there was a change to another agent and the rent stayed the same but 5 years ago the land seemed to become invisible to the last agent and we occupied it for 4 years without an FBT and without paying rent! </p><p>Now, the agent before last has taken over the land portfolio again and contacted us. The agent I spoke to was not bothered about the previous agent's error and offered us a new 2 year FBT at £300. That's the figure I noted on my pad during the telephone conversation and so it seems the firms administration has made two errors, first they have shown £500 on the FBT instead of £300 and secondly the administrator has asked for a cheque for the whole 2 year rent, which is the way it was paid in the past, but described it as the 'first year's' rent.</p><p>With luck a phone call will get it sorted.</p><p>I know even at this level the rent is probably above market rate but they know it's worth more to us as it means we occupy all the land bounded by the village's back gardens, the water company's pumping station, a lane and a railway. The other advantage I didn't mention was that we don't have anyone else's stock the other side of the fence.</p></blockquote><p></p>
[QUOTE="Jacobus, post: 6557853, member: 10974"] Last night I checked back in the records. When we first took it on it was on a 1 year FBT at a rent of £120. When it changed to a 2 year FBT the rent went up to £260 for the two years. Subsequently the rent went up again to £300 for two years. Then there was a change to another agent and the rent stayed the same but 5 years ago the land seemed to become invisible to the last agent and we occupied it for 4 years without an FBT and without paying rent! Now, the agent before last has taken over the land portfolio again and contacted us. The agent I spoke to was not bothered about the previous agent's error and offered us a new 2 year FBT at £300. That's the figure I noted on my pad during the telephone conversation and so it seems the firms administration has made two errors, first they have shown £500 on the FBT instead of £300 and secondly the administrator has asked for a cheque for the whole 2 year rent, which is the way it was paid in the past, but described it as the 'first year's' rent. With luck a phone call will get it sorted. I know even at this level the rent is probably above market rate but they know it's worth more to us as it means we occupy all the land bounded by the village's back gardens, the water company's pumping station, a lane and a railway. The other advantage I didn't mention was that we don't have anyone else's stock the other side of the fence. [/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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