Landlord & Tenant Flashcards
What is a CFA
A “partnership” between a landowner /farmer and a contracter. Farmer directs contarcter to carry out practical operations and management of crop.
Where are the roles and operations outlined in a CFA?
The contract
What does the farmer contribute? what does the contracter contribute?
F: Buildings, land and fixed equipment. C: Expertiese, labour and machinery.
What is the overall standing of a CFA?
F takes all the financial risk and resposibility for regulations. C provides the services.
FBT 1995 key date?
1 September 1995
What is an FBT?
Can be oral or written. No security of tenure is given. In order to be an FBT must comply with two conditions (agricultural and business) or notice conditions.
What is an FBT agriucultural condition?
Must be satisfied at date of challenenged and requires that the character of the FBT to be wholly or partially agriculture.
What is an FBT business condition?
Since the start of the tenancy, all or part of the land must be farmed for the purpose of a trade or business.
What are the two notice conditions?
To be fulfilled on or before the day upon parties eneter into any instrument creating a tenancy.
1) identifies land to be entered into tenancy (by name or map)
2) contains a statement to the neffect that the person giving the notice intends that the tenancy is to be and to remain a FBT throughout the term.
Do the FBT notices need to be in a prescribed form?
No
What is the statutory fallback provision for FBT for rent reviews?
3 years
How is rents determined? FBT
Arbitrator must determine the open market at which the holding is expected to produce by a willing and prudent T and LL taking account all relevant factors.
What does an Arbitrator disregard when determining rent? FBT
1) T improvement
2) T diladidations
3) T in occupation
What does the Arbitrator have reard to when determing rent? FBT
1) terms of tenancy including
2) comparables
3) holding characteristics
What should LL or T consider when drafting tenancy in terms of RR?
1) frequency
2) rent amounts - remain the same? increase to specified amounts at specified intervals (phased) ?