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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
Changing from AHA to FBT
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<blockquote data-quote="Stockwell" data-source="post: 5539962" data-attributes="member: 77800"><p>Hi 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. </p><p>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. </p><p>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. </p><p>The extra capacity would be nice, but we are aware this situation is a lot more beneficial to the land lord than us. </p><p>My son is 30 so would want a tenancy to see him through to retirement age.? </p><p>What should we ask for off the landlord? Ownership of a cottage? Or two cottages? </p><p>This has only just been mentioned by the landlords so no idea of any details. Will seek advice from the TFA asap. </p><p>Initial thoughts from everyone would be great though. </p><p>Generally the thought of changing from AHA to FBT fills me with dread.</p></blockquote><p></p>
[QUOTE="Stockwell, post: 5539962, member: 77800"] Hi 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. [/QUOTE]
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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
Changing from AHA to FBT
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