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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
Splitting a buisness with an issue with a tenancy farm
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<blockquote data-quote="ElisA7" data-source="post: 5862990" data-attributes="member: 117158"><p>Hello, my brother and i have got a farming buisness in south Wales, and were currently splitting, but weve got an issue with a tenancy farm, wich was in his name, but was ran as part of the buisness(buissnes payed rent, electric, water and everything)</p><p> that was the first farm my father had, the home farm. Both of us have been working there since forever </p><p>Then i moved to a adjoining farm when i married(wich we owned) </p><p>While my brother took over the tenancy after loosing our parents. </p><p>The landlord has put the tennant farm on sale, and my brother intends to move out to OUR other farm we have for compensation(3 figure sum) </p><p>Wich he has kept to himself, because his name was on the tennancy, although the buissnes payed all the rent and bills!!!!! </p><p>I had hoped the compensation would have gone to the buissnes, but my brother has kept the money and said it is his and not the buissnes money.... </p><p>thougts? Any one else had similar problem before?</p></blockquote><p></p>
[QUOTE="ElisA7, post: 5862990, member: 117158"] Hello, my brother and i have got a farming buisness in south Wales, and were currently splitting, but weve got an issue with a tenancy farm, wich was in his name, but was ran as part of the buisness(buissnes payed rent, electric, water and everything) that was the first farm my father had, the home farm. Both of us have been working there since forever Then i moved to a adjoining farm when i married(wich we owned) While my brother took over the tenancy after loosing our parents. The landlord has put the tennant farm on sale, and my brother intends to move out to OUR other farm we have for compensation(3 figure sum) Wich he has kept to himself, because his name was on the tennancy, although the buissnes payed all the rent and bills!!!!! I had hoped the compensation would have gone to the buissnes, but my brother has kept the money and said it is his and not the buissnes money.... thougts? Any one else had similar problem before? [/QUOTE]
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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
Splitting a buisness with an issue with a tenancy farm
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