Austin7
Member
Does this 50% of profit rule include non farm enterprises? I know a few people who use some of the buildings for alternative enterprises, just wondering how they would fare in a rent review.
I can only tell you what was found by the Arbitrator at our last review. Our landlords successfully claimed 50% of the shooting and fishing rents we were not allowed any cost offsets even though we had stocked the reservoir with the carp. They even claimed that we should charge any horse riders on the tenanted land but we successfully resisted this. So the answer is 50% of all profit. However before questions get asked make sure any sub letting is authorised under the tenancy. You could lose more than 50% of the profit if you are not careful.