Mac M3
Member
- Location
- Ross shire
Know of plenty estates and retiring farmers who rented out their ground up til the announcement of right to buy but since then it’s all been contract farming arrangements,
Can someone explain the right to buy
Interesting. I can still remember my father paying land annuities in the 70s. Land reform and tenant rights in Ireland were changed in the 19th century. One day he said he was paying them no more,the endRight to Buy was just 1 part of the Scotland Land Reform Act 2003 (Labour/LibDem govt.)
Old style pre-1991 tenancies were typically time limited to 3-generations. The above Act ended the time limit and now means these tenancies run indefinitely - so long as it can be passed on to a direct family descendant.
If the tenant can not pass the tenancy on, or decides to retire, the landlord has to buy the tenancy back (typically 50-60% of the market value of the farm). If the landlord wants to end the tenancy he has to effectively buy the farm off the tenant (the sky is the limit with this value, it is almost always above full market value of the farm).
The sitting tenant at the time the Act was passed had to register their Right to Buy. But, the Right to Buy only applies if the landlord decides to sell - the tenant has first refusal to buy their farm (and only their farm). It only applies to these pre-'91 tenancies. Modern Short duration tenancies are not affected in any way but the right to buy is touted as an excuse why no tenancies come to the market. It is not an Absolute Right To Buy.
Sounds like daylight robbery to me.