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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
FBT rent review
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<blockquote data-quote="Mixedupfarmer" data-source="post: 5524722" data-attributes="member: 70220"><p>The tenancies still have a few years to run It is really where to agree the rent level, compared to what would have been agreed last year, what with the lower sugar beet prices, and more particularly potentially decoupled (from land area) payments, and reducing level in 2021, along with Brexit. I guess we are going to have to agree to something similar to our current rate, and like you suggest serve notice for a review as soon as possible, which will be in three years. We could potentially be paying far too much rent, if Brexit goes badly, especially in the third year, but we don't really know enough at this point in time.</p><p> It is a pity really that it could not be rolled on until next year when we will hopefully know more, but I doubt the landlords would do this as they will be keen to lock into a good rent for the next three years now. I could stall it but I am pretty sure that they will appoint an arbitrator next month if we don't agree, and it could end up getting expensive.</p></blockquote><p></p>
[QUOTE="Mixedupfarmer, post: 5524722, member: 70220"] The tenancies still have a few years to run It is really where to agree the rent level, compared to what would have been agreed last year, what with the lower sugar beet prices, and more particularly potentially decoupled (from land area) payments, and reducing level in 2021, along with Brexit. I guess we are going to have to agree to something similar to our current rate, and like you suggest serve notice for a review as soon as possible, which will be in three years. We could potentially be paying far too much rent, if Brexit goes badly, especially in the third year, but we don't really know enough at this point in time. It is a pity really that it could not be rolled on until next year when we will hopefully know more, but I doubt the landlords would do this as they will be keen to lock into a good rent for the next three years now. I could stall it but I am pretty sure that they will appoint an arbitrator next month if we don't agree, and it could end up getting expensive. [/QUOTE]
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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
FBT rent review
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