As A tenant I am usually privileged to pay an agent and get a rent increase.Agents need to earn fees. The clients like it when they earn them more than the fees.
How has this gone? Have you made any decisions yetHi folks. I am currently a second generation tenant with my son set to take over as I retire. From our end, we think all succession tests will be satisfied for him to take over the AHA tenancy.
Landlords have offered us the next door unit, which would double our farm size. But they want us to have the lot on an FBT. There would be a total of two farm houses and two cottages. Both cottages currently occupy retired workers of ours and are in need of modernisation.
The extra farmhouse would be nice for my recently married son to bring up a young family in, he is currently renting a property. It would allow me and my wife to stay in the current farm house.
The extra capacity would be nice, but we are aware this situation is a lot more beneficial to the land lord than us.
My son is 30 so would want a tenancy to see him through to retirement age.?
What should we ask for off the landlord? Ownership of a cottage? Or two cottages?
This has only just been mentioned by the landlords so no idea of any details. Will seek advice from the TFA asap.
Initial thoughts from everyone would be great though.
Generally the thought of changing from AHA to FBT fills me with dread.
How has this gone? Have you made any decisions yet
Don't give any financial information, but surely the LL needs to know your plans ? No point them spending ££££££ on a new cattle shed, if your going to be keeping hens.......
Although tempting I don’t think I would rush into it. Depends how your son feels.Although we are yet to be presented with an official proposal, we have been given an outline.
The landlords would like us to surrender our AHA on 350 acres (split in three separate blocks) and take on a 700 acre ring fenced unit on an FBT for 35 years. My wife and I would remain in the current farmhouse, no details of rent/length of time etc for this have been discussed yet.
My son would move to the new unit which includes a large well kept farmhouse and large range of modern cattle housing. As I’ve said, no details have been discussed yet, this is too take place over the next few months.
Made contact with the tfa and the have recommended a local professional who is extremely experienced in tenancy matters/law.
No doubt the size and quality of this farm would take the farming side of our business forward considerably. But obviously the times we live in our more uncertain than ever.
Any advice is much appreciated, the landlords have ‘stressed’ how good this would be for us but I’m under no illusion that the benefits to them are great as my son could remain on this aha for maybe another 50 years if our succession application was successfull.
So what should we look for? The rent formula calculation is a major one for us so we don’t get hit with ‘digester rents’
Thanks again
Although we are yet to be presented with an official proposal, we have been given an outline.
The landlords would like us to surrender our AHA on 350 acres (split in three separate blocks) and take on a 700 acre ring fenced unit on an FBT for 35 years. My wife and I would remain in the current farmhouse, no details of rent/length of time etc for this have been discussed yet.
My son would move to the new unit which includes a large well kept farmhouse and large range of modern cattle housing. As I’ve said, no details have been discussed yet, this is too take place over the next few months.
Made contact with the tfa and the have recommended a local professional who is extremely experienced in tenancy matters/law.
No doubt the size and quality of this farm would take the farming side of our business forward considerably. But obviously the times we live in our more uncertain than ever.
Any advice is much appreciated, the landlords have ‘stressed’ how good this would be for us but I’m under no illusion that the benefits to them are great as my son could remain on this aha for maybe another 50 years if our succession application was successfull.
So what should we look for? The rent formula calculation is a major one for us so we don’t get hit with ‘digester rents’
Thanks again
Although tempting I don’t think I would rush into it. Depends how your son feels.
Your landlord sounds a lot fairer than I think ours (or his agents) will be, don’t think We’d be able to manage a negotiation like thatI think you can agree an FBT, but with rents based on an AHA, but someone like Phillip Meade will know the ins and outs better than any of us on here.
One thing you could consider is ask them to give or sell you cheaply, your farmhouse as part of the deal. This happened with us when they wanted our old village site for development and moved us to a new site with me as tenant. Dad got the farmhouse on the old site for a nominal fee of £10.