Leasing & Letting

Question 1

What is the difference between a Lease & a Licence

Answer 1

A lease grants exclusive possession whereas a Licence is used for a specific purpose and generally for a shorter period of time

Question 2

When does a lease need to be drafted by a solicitor?

Answer 2

Anything over 3 years must be executed as a deed and drafted by a solicitor. Any lease over 7 years must be registered at the Land Registry.

Question 3

What is a Herbage agreement?

Answer 3

Where a Licensor provides the Licensee with a crop of grass for a fee, but the Licensor remains the occupier of the land for purposes of claiming BPS. They will need to be in occupation themselves for at least 28 days each year

Question 4

What is a Grazing Licence?

Answer 4

Short term licence where grazier does not have exclusive possession. The Licensor grants the Licensee the right to use the land for a period of time, but must return the land upon expiry. Up to 364 days per year.