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Author Topic: Rental property  (Read 2449 times)

Loobylou

  • Joined May 2015
Rental property
« on: August 11, 2015, 05:46:58 pm »
I've got 66 acres of land with a house but a friend of mine has told me that there is now a right to buy if you rent land with a house, has anyone else come across this? And if so would I rent the land on a separate contract to the house?  Any advise would be appreciated.

JEP

  • Joined Oct 2011
Re: Rental property
« Reply #1 on: August 11, 2015, 07:47:41 pm »
do the contract with a solicitor
you must view and inspect at least once in 15 years

Loobylou

  • Joined May 2015
Re: Rental property
« Reply #2 on: August 11, 2015, 07:50:06 pm »
Thanks, I was thinking yearly inspections? Maybe I'm being a bit keen?

Kimbo

  • Joined Feb 2015
  • Anglezarke, Lancashire
Re: Rental property
« Reply #3 on: August 11, 2015, 08:07:19 pm »
are you in England?
Sorry.... are you the owner who has rented the house and land out or the tenant who might want to exercise the Right to Buy?
Is it time to retire yet?

honeyend

  • Joined Oct 2011
Re: Rental property
« Reply #4 on: August 11, 2015, 08:41:26 pm »
In England.
The reason why six month short.hold tenancies are so popular is that they give tenants no long term rights. I was advised when I was renting my small bungalow to split off the garden from the rest of my land so there was no mistake that there was agricultural tenancy. An agricultural tennacy gives the tenants extra rights so they can plan over a long term and the owner doesn't evict them when they have invested money in fencing, crops etc.
http://www.legislation.gov.uk/ukpga/1995/8/contents
http://scotland.shelter.org.uk/get_advice/advice_topics/renting_rights/agricultural_tenancies
  On a short hold tenancy (England) no tenant has a right to buy , there is talk  of extending right to buy to private landlords but as far as I know it has not been even started.
  If by lack of knowledge you have unwittingly created a long term tenancy go and see a good agricultural solicitor as quickly as possible so you know your options but I think its doubtful, but I found this for Scotland.
https://www.ros.gov.uk/services/registration/register-of-community-interests-in-land/agricultural-tenants-right-to-buy
 You need good qualified advice.

Loobylou

  • Joined May 2015
Re: Rental property
« Reply #5 on: August 11, 2015, 09:03:29 pm »
Thanks for that honey end, I'm in Scotland. Very helpful link  ;D

 

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