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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
Changing from AHA to FBT
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<blockquote data-quote="Cows 'n grass" data-source="post: 5540024" data-attributes="member: 1711"><p>The first thing to find out what your rent would be tomorrow if calculated on an FBT basis. </p><p></p><p>I'm in the same situation in that I'm 34 and farming on my parents lifetime AHA tenancy. It's only part of the land we farm but it is where we live. I talked about it with my landlord last year and it would have trebbled my rent so I turned down their offer bought 15 acres with a couple of houses on next door and the mortgage is covered by the difference between the AHA and FBT rents.</p><p></p><p>They offered me the first 2 rent reviews to be calculated on an AHA basis but this just wasn't enough. I hope at some point they will offer me the next door farm when it becomes available and at this point I will be forced onto an FBT if I chose to accept their offer.</p><p></p><p>If you are giving up a full generation of AHA I would be asking for the next 20 years of rent to calculated on AHA terms and a 40 year tenancy.</p></blockquote><p></p>
[QUOTE="Cows 'n grass, post: 5540024, member: 1711"] The first thing to find out what your rent would be tomorrow if calculated on an FBT basis. I'm in the same situation in that I'm 34 and farming on my parents lifetime AHA tenancy. It's only part of the land we farm but it is where we live. I talked about it with my landlord last year and it would have trebbled my rent so I turned down their offer bought 15 acres with a couple of houses on next door and the mortgage is covered by the difference between the AHA and FBT rents. They offered me the first 2 rent reviews to be calculated on an AHA basis but this just wasn't enough. I hope at some point they will offer me the next door farm when it becomes available and at this point I will be forced onto an FBT if I chose to accept their offer. If you are giving up a full generation of AHA I would be asking for the next 20 years of rent to calculated on AHA terms and a 40 year tenancy. [/QUOTE]
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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
Changing from AHA to FBT
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