If you rent agricultural land, you may have an agricultural tenancy, even if there is nothing in writing. Your tenancy could be a 1986 Act tenancy or a Farm Business Tenancy (where at least part of the tenanted land must be farmed throughout the life of the tenancy), depending on whether your tenancy was agreed before or after 1 September 1995.
Tenancies include important provisions in relation to rent and rent review, repairs and in the case of 1986 Act tenancies the possibility of statutory succession.
It is also important to take advice before entering into new tenancies to ensure that the appropriate provisions are incorporated.
When your tenancy ends, you may be entitled to compensation. There may be tax implications. We can give the expert advice you need.
Our advice therefore can include:
•Preparation of tenancies to maximise available Inheritance tax reliefs.
•Succession tenancies, rent reviews, service of notices and other tenancy queries.
•Restructuring tenancies in the context of diversification.
•Many different forms of residential tenancies including those applicable to agricultural workers.