Implications of change in business structure for AHA tenancy

early riser

Member
Location
Up North
Currently farm in partnership with my father as joint tenants on a successive 1986 AHA tenancy. Father is looking at coming out of the partnership and so for tax purposes I am looking at moving to Limited company status.

Before I sit down and discuss this with my landlord, what are the likely implications for my tenancy agreement?

Other (less preferred) option would be to remain a partnership and bring my wife in as a partner.

Thoughts appreciated, thanks
 

Surgery

Member
Location
Oxford
i would tread careful trying this if you get on well with your LL , any agent will see straight through what the implications would mean to his client.
 

ISCO

Member
Location
North East
Landlord will NEVER accept ltd co as tenant. Could last forever.
Continue with assets (cows) owned by partnership and trade as ltd co.
Partnership to pay rent and ltd co reimburse or pay hire charge for cows to cover it.
Safety net in place and assets still yours.
This is correct
Limited company will never be accepted as tenant
 
We changed from a partnership to a ltd company with no issues. I have no succession rights because dad's tenancy was just single life but the tenancy was always in his name and not the partnerships. Its still just in his name but the limited company pay the rent. We never even mentioned it to our landlords and they have never said anything to us but it's pretty obvious because the limited name is on the bank account.
 

Billboy1

Member
We changed from a partnership to a ltd company with no issues. I have no succession rights because dad's tenancy was just single life but the tenancy was always in his name and not the partnerships. Its still just in his name but the limited company pay the rent. We never even mentioned it to our landlords and they have never said anything to us but it's pretty obvious because the limited name is on the bank account.

They won’t be bothered if there’s no succession rights , they’d be flapping if there was !
 
We changed from a partnership to a ltd company with no issues. I have no succession rights because dad's tenancy was just single life but the tenancy was always in his name and not the partnerships. Its still just in his name but the limited company pay the rent. We never even mentioned it to our landlords and they have never said anything to us but it's pretty obvious because the limited name is on the bank account.


Someone I know paid their rent from a Ltd company bank account and got the tenancy transferred from his father to a company tenancy.
This peed off the landlord so much (his agents mistake) that the other tenants were ruled by a rod of iron.
Roll on a few years and the tenant wasn’t so clever, the Ltd company went bust and the landowner has the land back.
 

Breckland Boy

Member
Mixed Farmer
Location
Breckland
Someone I know paid their rent from a Ltd company bank account and got the tenancy transferred from his father to a company tenancy.
This peed off the landlord so much (his agents mistake) that the other tenants were ruled by a rod of iron.
Roll on a few years and the tenant wasn’t so clever, the Ltd company went bust and the landowner has the land back.
Sounds just like a tennant and landlord I know!!
 

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