Rent raise
- Thread starter Adeptandy
- Start date
What shower of sh1te agents are working for them ?Any Cambs County Council tenants on here currently under review and would like a pm chat ?
Got the letter of doom today and it’s a massive increase for the next 3 years if they won’t negotiate.
Carter Jonas & Burton Knowles
Do you have an agent on your side? Unless you are on a peppercorn rent I can't see any justification for a rise. I can only assume someone has seen crop prices look good and read the FW and seen some top yields and put 2 and 2 together and come up with 7!
To late now but the TFA's Rent Review Insurance is a good thing to be able to drop into conversation with unreasonable agents.
lloyd
Member
- Location
- Herefordshire
What sort of percentage rise?
37
lloyd
Member
- Location
- Herefordshire
Wow that sounds greedy .
Hope things get sorted more sensibly for you.
YorkshireAndrew
Member
- Location
- West / North Yorks border
@Adeptandy , I’m on a TFA Zoom call tomorrow evening regarding rent reviews , I’ll post on here any useful thoughts which might arise from this .
I thought extortionate.
I may soon not qualify to post on the forum if there’s no movement.
lloyd
Member
- Location
- Herefordshire
I hope that's not the case, wishing you best of luck chap .
Sound like there may be an alternative motive. I don’t suppose they offered any explanation as to why they thought such an increase was justified?
Good luck.
farmerm
Member
- Location
- Shropshire
No, just came out of nowhere, there’s 20 of us under review I’ve found out, but only know of 1 other.
That would have been more realisticsay what!
- Location
- South Oxfordshire
First defence is to make the agent to do some work, and ask him to substantiate any increase in writing. They hate and avoid doing this, one because it requires some knowledge and secondly they are not prepared to spend any client time on it. It's all about power and fear. If it goes to arbitration, and they have not provided any evidence, it will work for you. TFA are a good starting point, but I feel are still a bit weak. We deserve a fair return for risk and work, don't sell yourself short.
- Location
- South Shropshire
The trouble is there is strong demand for FBT land, and very high rents being tendered. Completely ludicrous suicidal rents in all honesty. Who can blame landowners being disgruntled with secure tenancy rents.
However a quick glance at Farm Business Survey average figures will soon bring most Land Agents‘ expectations back down to reality.
However a quick glance at Farm Business Survey average figures will soon bring most Land Agents‘ expectations back down to reality.
Hindsight
Member
- Location
- Lincolnshire
Is all your council land on FBT? Is there a house/bungalow involved?
Couldn’t agree more , I would also go as far to say with the reduction in sfp they are trying it on before tenants have the nerve to serve there own notice for a rent reduction , it was working perfect for the landlords with higher grain prices but reduced yields with the question of massive hikes in inputs p1sses all over the agents notice of rent increases.
one point I would make out to all council tenants is , as was our case , every five years the councils tender their land out to land agents do more the case you never had the same firm working continuously so no recognition of the holdings for there shortfalls where ever achieved, it was a case of a valuation and ‘a look at the rent’ and nothing more , anymore work than this and it won’t be covered by the tender.
Yes, all of it and FBT