Rent Review

[teslacoils]

Anyway less aha bashing and responding please , where folks thoughts on fbt’s , risky business at the moment with inputs and the possibility outputs could crash very quickly if Russian Ukrainian conflict calms down

You only need one good year......conversely, you only need one bad year.

I'd expect ones on offer now will be too dear; and that CFA renewals will be hurriedly adding clauses to stop the contractor getting too rich.

 

[chipchap]

Agreed, but if they don’t tender an unsustainable rent then they don’t get it, or anywhere else. Stuck between a rock and a hard place.

Those opportunities are rarely good ones.

The best opportunities come privately from neighbouring landowners who you already know. Often they aren’t looking for top dollar, rather somebody who will keep the property in good shape.

 

[Cowcorn]

I know of a few instances where dukes fought for the monarch hundreds of years ago and now their kids own massive estates entirely advised by land agents!!

Thats where it starts to stink for me . God created all men equal and your forefathers were asleep the didnt burn the lot out and take what was rightfully theirs.
The English tried the same caper over here but over time the Land Wars and the Land league wore them out and the peasantry got their land .
De Valera gave 21 acres to any man who could show he was capable of farming it wasnt much but it was free and complete with a house .
Some of the best farmers in the country started with these small bits including my grandfather.
If you have a AHA and the landlord comes offering a cherry put the boot in hard and then join @le bon paysan in France where your part in society is still valued .

 

[unlacedgecko]

I'd expect ones on offer now will be too dear; and that CFA renewals will be hurriedly adding clauses to stop the contractor getting too rich.

This is what I've found with landlords. They can't stand the thought of someone else making a decent profit.

Offer them an arrangement whereby they get £50 and you get £55 (for doing the labour and taking the risk), it would be rejected for an arrangement whereby they get £25 and you get £20.

 

[Huno]

This is what I've found with landlords. They can't stand the thought of someone else making a decent profit.

Offer them an arrangement whereby they get £50 and you get £55 (for doing the labour and taking the risk), it would be rejected for an arrangement whereby they get £25 and you get £20.

Exactly... because they would rather pay agent fees and then tax on their rental income from their tenant!! You hit the nail on the head and it is why tenants should fight their corner as hard as they can until landlords can see this simple business sense?? Of course IHT far outweighs common sense and so the wheel goes round and round

 

[neilo]

Would it be rude to ask the length of tenancy when you started and what type of category of land lord?

It’s a feudal landlord, the family having been gifted the land hundreds of years ago. The estate is much smaller today, having sold bits off every time death duties were due, but still in excess of 30k acres I think.

The previous agent latterly put blocks of land together to let to new families as viable units and on decent length tenancies of 20 or 21 yrs. We have 327ac on a 20yr FBT, at a reasonable rent, in return for turning round a farm that was semi-derelict.
That agent has retired, and been replaced by an ex-Strutt & Parker man who has clearly been instructed to grab more money. He told me that there would be no new tenants coming onto the estate, with land being let to existing farm tenants and the houses let out privately. 300ac units are no longer seen as viable apparently, even with dairy cows on them. It’s not personal though, he’s just doing the job he’s been employed for.

We did view several farms on terms of less than 10 yrs, and walked away without tendering. This place has taken 10yrs to start to become productive.

 

[neilo]

Poor landlords... life is not fair and nor is the law but it rarely changes! Is 100 quid an acre a good deal for an AHA tanant post 2023? Any thoughts other AHA farmers??

Without knowing the farm, and it’s earning potential, it’s impossible to say.

 

[unlacedgecko]

It’s a feudal landlord, the family having been gifted the land hundreds of years ago. The estate is much smaller today, having sold bits off every time death duties were due, but still in excess of 30k acres I think.

The previous agent latterly put blocks of land together to let to new families as viable units and on decent length tenancies of 20 or 21 yrs. We have 327ac on a 20yr FBT, at a reasonable rent, in return for turning round a farm that was semi-derelict.
That agent has retired, and been replaced by an ex-Strutt & Parker man who has clearly been instructed to grab more money. He told me that there would be no new tenants coming onto the estate, with land being let to existing farm tenants and the houses let out privately. 300ac units are no longer seen as viable apparently, even with dairy cows on them. It’s not personal though, he’s just doing the job he’s been employed for.

We did view several farms on terms of less than 10 yrs, and walked away without tendering. This place has taken 10yrs to start to become productive.

Nothing wrong with letting land and houses privately. But why does it have to go to existing tenants?

 

[neilo]

Nothing wrong with letting land and houses privately. But why does it have to go to existing tenants?

They maybe want to let it to people they know will pay the rent, rather than take a risk?

Letting houses and land separately is the end of those farms as a working unit, of family farms, and reduces the number of people working in rural communities.
I guess it depends on what you, or rather, landlords, want the country to look like and how you feel about supporting rural communities and services?

 

[unlacedgecko]

They maybe want to let it to people they know will pay the rent, rather than take a risk?

Letting houses and land separately is the end of those farms as a working unit, of family farms, and reduces the number of people working in rural communities.
I guess it depends on what you, or rather, landlords, want the country to look like and how you feel about supporting rural communities and services?

Not necessarily.

As long as there is sufficient shed space, the farmer could live somewhere commutable with lower housing cost. Or, site a static on the steading.

 

[som farmer]

for some rented farms, the farmhouse would make more money rented elsewhere, than the land, with the house.
One cannot blame l/lords for wanting to max their income, it is theirs, after all.
But the farmhouse complicates the equation, when trying to get a sensible rent, down here, a decent house can be £1000 per month, or more, and farmhouses tend to be on the larger size.
With ag incomes screwed down tight, it is also prudent to split land, with existing tenants.
The big drawback, with that, is young farmers, wanting/needing to go, on their own, don't really stand a chance, and we need to get younger farmers in ag.
I wish there was an easy answer, but with l/agents involved, they just chase the money, which is their trade, however unwelcome.
It would be nice, if some l/lord, reads this, and thinks, could let a smaller acreage out, with perhaps a small cottage, to get a wanabee going.

 

[essexpete]

It’s a feudal landlord, the family having been gifted the land hundreds of years ago. The estate is much smaller today, having sold bits off every time death duties were due, but still in excess of 30k acres I think.

The previous agent latterly put blocks of land together to let to new families as viable units and on decent length tenancies of 20 or 21 yrs. We have 327ac on a 20yr FBT, at a reasonable rent, in return for turning round a farm that was semi-derelict.
That agent has retired, and been replaced by an ex-Strutt & Parker man who has clearly been instructed to grab more money. He told me that there would be no new tenants coming onto the estate, with land being let to existing farm tenants and the houses let out privately. 300ac units are no longer seen as viable apparently, even with dairy cows on them. It’s not personal though, he’s just doing the job he’s been employed for.

We did view several farms on terms of less than 10 yrs, and walked away without tendering. This place has taken 10yrs to start to become productive.

Good post and thank you for the honest reply.

 

[essexpete]

for some rented farms, the farmhouse would make more money rented elsewhere, than the land, with the house.
One cannot blame l/lords for wanting to max their income, it is theirs, after all.
But the farmhouse complicates the equation, when trying to get a sensible rent, down here, a decent house can be £1000 per month, or more, and farmhouses tend to be on the larger size.
With ag incomes screwed down tight, it is also prudent to split land, with existing tenants.
The big drawback, with that, is young farmers, wanting/needing to go, on their own, don't really stand a chance, and we need to get younger farmers in ag.
I wish there was an easy answer, but with l/agents involved, they just chase the money, which is their trade, however unwelcome.
It would be nice, if some l/lord, reads this, and thinks, could let a smaller acreage out, with perhaps a small cottage, to get a wanabee going.

If that would be possible, a good idea. After all a young farmer does not need a whacking great house and such a house could even be a millstone in terms of running costs.

 

[Huno]

Bernard Mathew's filled his wacking great farmhouse with turkeys!! One opinion if a young farmer has a greedy landlord... winner!! B B Beutiful!!

 

[Billboy1]

our aha agent tends to go quiet in times like this , which is no bad thing . i did stir the pot at a recent meeting with ag.ent and owners mentioning the succession word and offering to buy the farm [or some of it ] if ever they felt like selling anyway it must have got them thinking I've been asked to write to them with any suggestions we might have so now i need to be careful how i word things and will contact tfa agent for advice it will probably come to nothing but if you don't ask you don't get is my motto