Landlord and Tenant

Agricultural Tenancies Act 1995

Agricultural Holdings Act 1986

The Housing Act 1988

Licence - no exclusive possession, no security of tenure Lease - exclusive possession, term certain, consideration (Street v Mountford 1985)

Authorosed Guarantee Agreement - places an obligation on the outgoing tenant to guarantee the performance of the incoming tenant I.e. rent payments and repairs

Landlord Tenant Property Term Break Clause Alienation - assigning and subletting AGA Alterations and improvements User Clauses Repairing obligations - FRI, IRI Service Charges Forfeiture - breach, LL re-entry

Market value Indexed rent - linked to RPI Turnover rent - % of profits Fixed rent

Retail Price Index - measures inflation

- begun on or after 1st September 1995 - all or part of the land is farmed for a trade or business i.e. grazing livestock for consumption AND - the tenancy is wholly or primarily agricultural OR - on exchange of notices, the tenancy is and will remain a FBT but allows T to diversify

Less than two years - on the term date - no notice required Two years or more - with 12 months written notice ending of a term date

Every three years by law (ATA 1995)

Any T improvements that have LL consent: Physical improvements i.e. building, slurry store Tangible advantages i.e. planning permission

The rent at which the property might reasonably be expected to be let by a prudent and willing Landlord to a prudent and willing Tenant taking into account all relevant factors.