Rent reviews for Farm Business tenancies: understanding the procedure
Please note that this guidance is intended to be used for general information purposes only, is not intended to be a definitive guide to the law and cannot be a substitute for independent advice. NFU members can obtain free initial legal and professional advice from NFU CallFirst on 0370 845 8458.
This business guide looks at how rent is reviewed for Farm Business Tenancies (“FBTs”). It explains the statutory rent review procedure, how frequently rent can be reviewed, and how any revised rent is calculated.
An FBT is an agricultural tenancy created on or after 1 September 1995. If your tenancy started on or after this date it is likely to be an FBT. There are however some exceptions to this and our business guide “Farm Business Tenancies: an overview”, available at: https://www.nfuonline.com/member-resources/farm-business-tenancies-an-overview/ explains how to identify whether your tenancy is an FBT.