Letter Confirming Agreed Compensation for Improvements under the ATA 1995
Agricultural Landlord and Tenant’s Agreement regarding Compensation for Improvements
This Agricultural Landlord and Tenant’s Agreement regarding Compensation for Improvements should be used when a Landlord has given consent to a Farm Business Tenant’s proposed improvements to the holding.
Farm Business Tenants can claim compensation when they quit the holding for improvements they have made to the holding. The Landlord and Tenant are permitted under Section 20 of the Agricultural Tenancies Act 1995 to agree on a limit to the compensation the Tenant will be able to claim. (This does not apply however where the Tenant’s improvement consists of planning permission.)
This letter allows the parties either to agree a figure for the compensation or to agree that the amount of compensation will be an amount equal to the cost to the tenant of making the improvement.
This Agricultural Landlord and Tenant’s Agreement regarding Compensation for Improvements is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
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