Surrender value of AHA tenancy

[chickens and wheat]

Ten yrs ago your land was worth about £1500 per acre with a sitting tenant, today its worth £5000 with a sitting tenant
Thats a 30% return on capital per yr for ten yrs
And i didnt even count the rent

if your counting land values maybe, but that now historical, whats the future?, why would landlord notcah in on these high land prices.
I doubt they would have earned 5000 here with sitting aha tenant

 

[goodevans]

if your counting land values maybe, but that now historical, whats the future?, why would landlord notcah in on these high land prices.
I doubt they would have earned 5000 here with sitting aha tenant

a lot of large ancestoral landlords don't want to sell and possibly cant sell though and see themselves as only custodians of the land

 

[glasshouse]

You sure those figures are right ?

In scotland they are right

 

[glasshouse]

Most estates weren’t bought for 10k, they were bought for much less , often generations ago. So not the tenants fault that land values have increased so much.
If they want to sell, which most don’t, then offer the sitting tenant a decent payout.
After all the tenant and his family have bought the farm many times over in rent.

And drained it, cleared it, turned it into good arable land

 

[goodevans]

And drained it, cleared it, turned it into good arable land

and also had the right to enjoy it

 

[glasshouse]

Bought

and also had the right to enjoy it

bought the right

 

[Northernlights]

Most estates weren’t bought for 10k, they were bought for much less , often generations ago. So not the tenants fault that land values have increased so much.
If they want to sell, which most don’t, then offer the sitting tenant a decent payout.
After all the tenant and his family have bought the farm many times over in rent.

In fact many estates were obtained by picking the winning side hundreds of years ago and no money ever changed hands.

 

[glasshouse]

In fact many estates were obtained by picking the winning side hundreds of years ago and no money ever changed hands.

Or shagged their way into it.

 

[Brisel]

Or shagged their way into it.

It was called "putting one's cock into money!"

 

[Red Fred]

It was called "putting one's cock into money!"

All my family ever got was a pig left on the doorstep every christmas from an anonymous benefactor.

 

[glasshouse]

All my family ever got was a pig left on the doorstep every christmas from an anonymous benefactor.

David cameron?

 

[Brisel]

David cameron?

 

[Billboy1]

thats not the point.
i know where tenants have been asked to surrender and regrant an aha to get the tax relief (me)
and quite a few others

Did you get compo for doing that ?

 

[glasshouse]

Did you get compo for doing that ?

No.
I got screwed over.
Landlord swore the leases were identical but he managed to insert a couple of clauses which cost me loads and my lawyer didnt twig

 

[Billboy1]

No.
I got screwed over.
Landlord swore the leases were identical but he managed to insert a couple of clauses which cost me loads and my lawyer didnt twig

Ouch !

 

[chipchap]

No.
I got screwed over.
Landlord swore the leases were identical but he managed to insert a couple of clauses which cost me loads and my lawyer didnt twig

Never trust a land agent, especially if he's working for the other side.
He will only be working for himself.

 

[multi power]

No.
I got screwed over.
Landlord swore the leases were identical but he managed to insert a couple of clauses which cost me loads and my lawyer didnt twig

So your lawyer should compensate you

 

[Bruce Almighty]

A sitting tenant can buy at 50% vacant possession value, therefore could ask for half the uplift in value. FBTs are more tax efficient for the landlords than AHA. Join the TFA - this is a common question.

A sitting tenant can't buy at 50% if the landlord wants more. It used to be like that but not any more.
More like 25-35% discount nowadays

 

[chickens and wheat]

The discount percent was a hot topic during the sale of our estate to us tenants.
Only thing is every tenant had different terms of tenancy, and the % was only of the landlords optimistic value. Discussing discount soon became pointless. Price is the only thing that matters.

 

[glasshouse]

A sitting tenant can't buy at 50% if the landlord wants more. It used to be like that but not any more.
More like 25-35% discount nowadays

depends who is in a rush