Tenants Improvement definition Flashcards
What is the measure of compensation for tenants improvement AHA
The amount of any compensation for the increase attributable to the improvement n teh calue of the agricultural holding as a holdng having regard to the tenant and charracter and situation of teh holding and teh average requirement s of tenant reasonably in skilled husbandry
How are AHA short term improvements valued
the value of the improvement or matter to an incoming tenant
What is the value for tenants fixture AHA
It is the fair value of the incoming tenant of the holding
How would the tenant get compensation to remove the fixture
The tenant can remove the fixture during the tenancy or two months after the termination of the tenancy
need to given at last one month before the end of the tenancy or the intention to remove the fixture or the building. The tenant can serve a one month counter notice to purchase the item
What is the valuation for tenant improvement farm business tenancies and what section
Section 20 - The measure of valuation to the increase attributable to the improvement to the holding
In FBT’s what is included as a tenant improvement
anything with consent including routine improvements
For FBT tenant improvement, how long must the landlord give consent
Within 2 months. The tenant cannot refer to arbitration after two months
Under FBT, when can the tenant refer to arbitration
4 months
FBT- what section can FBT tenants improvements be claimed
section 16
When can FBT tenant claim compensation and when can they appoint an arbitrator
before the end of 2 months period with the date of termination of the tenancy.
After 4 months
What notice period and under what section should a landlord serve ntoie on tenant for intent of compensation
s.83 no less than two months after the expiration of the tenancy
what is the definition of rent review for FBT 1995
Set under section 13 of the Agricultural Tenancy Act 1995
At which the holding might reasonably expected to let on the open market between a willing tenant and a willing landlord taking into account all relevant factors including the terms of the tenancy
What Factors for you consider in an FBT Farm Business Tenancy
Terms of the tenancy
Holding character and situation
economic potential
other relevant factors
Exclude
Most tenants improvements
tenants dilapidations
What Section are AHA rent reviews under and what notice do you serve
Section 7, section 12 notice
What is the rental process for AHA tenancies
At which what the property might be reasonably expect let on the open market market between a willing tenant and a willing landlord taking into account all relevant factors including the terms of the tenancy, related earning capacity and productive earning capacity disregarding dilapidations, tenant improveement and marriage value
