A general guide to Farm Business Tenancies, click here.
The tenancy must meet one of the below two conditions.
- “If the tenancy is primarily agricultural to start with, the landlord and tenant can exchange notices before the tenancy begins confirming they intend it to remain a Farm Business Tenancy throughout – this lets tenants diversify away from agriculture where the terms of the tenancy agreement allow this.
- If the landlord and tenant don’t exchange notices before the tenancy begins, the tenancy business must be primarily agricultural to be considered a Farm Business Tenancy”
(GOV.UK. (2019). Agricultural tenancies. [online] Available at: https://www.gov.uk/guidance/agricultural-tenancies.)
What to consider before buying a farm tenancy, click here.