Farm Business Tenancy (FBT) in Yorkshire: What they mean for landlords and tenants

In the world of farming, situations often arise where the description doesn’t quite match the reality. One common arrangement is the Farm Business Tenancy , which governs how land is used, when the agreement can be terminated, and what happens to the land. However, complications can arise when tenants start diversifying their income streams. There are two main conditions that are required to be satisfied in order to ensure that the agreement is a true FBT. These are: 1.

Whilst at the outset of an agreement the use of an FBT is entirely appropriate, it is important for landlords to make sure that a tenant doesn’t diversify the use of the property to include uses that would fall outside the scope of an FBT, such as equestrian or leisure use. If the landlord allows this to occur, it could result in the agreement becoming a business lease.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Why county farm food business served Shropshire salumi at key Downing Street summitA multi-award-winning Shropshire business provided the catering for the Prime Minister's guests at the Farm to Fork Summit at Number 10 Downing Street.
Fonte: ShropshireStar - 🏆 98. / 51 Consulte Mais informação »

Fylde Coast wind farm plans could tear through business and land, objectors say'I explained I have to sleep with my bedroom window open all year round for my chest. I said 'how am I going to do that when there's a buzzing noise all the time?''
Fonte: LiveLancs - 🏆 10. / 87 Consulte Mais informação »

Business & Consumer news Scotland, UK & world - The Daily BusinessCatch up on the latest business news. Reports on business in Scotland, UK and world business. Essential news on businesses and business people
Fonte: Daily_Record - 🏆 9. / 89 Consulte Mais informação »