Agricultural Rent
28th September 2016Tenant Farmers: Is the rent for your land too high?
Low commodity prices blighting British agriculture may offer some respite to Agricultural Holdings Act tenants. Rather than landlords pressing for higher rents there may be opportunities for tenants to seek downward rent reviews. Professional advice should be considered.
For those locked into farm business tenancies, negotiation is the key although there is little incentive for a landlord to consider a reduction during the agreed term of a tenancy. Nevertheless, there are tales of requests being made.