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Looking to rent house & land - what sort of lease?

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  • 05-05-2015 11:22pm
    #1
    hollyhead
    Registered Users Posts: 4 ✭


    We're hoping to agree a lease for a house, outbuildings and a few acres of land in the near future. The landlord (a neighbour) has left sourcing an appropriate lease document to us. The residential leases all seem have a clause under law that says no profession or business can take place. We'll be working the land and hosting courses/workshops for (hopefully) a little income. What's the best & simplest solution? Two leases, one for house, one for land & outbuildings?
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    #2
    Mrs OBumble
    Registered Users Posts: 25,935 ✭✭✭✭Mrs OBumble


    If you're working the land as a business then it might be best to ask this in Entrepreneurship and Business Management. Or maybe here's a farming forum???


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    #3
    Victor
    Registered Users Posts: 78,385 ✭✭✭✭Victor


    You really need legal advice. The clause prohibiting any 'profession or business' could be amended.

    Residential leases usually run for 12 months. However, one gains legal rights after 6 months.

    Farming leases usually run for 11 months. As I understand things, the tenant gains extra rights after a year. This compares to 3-5 years for a shop or office.

    One may need to consider the issue of property taxation ('farm rates'?) and insurance.


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    #4
    Nekarsulm
    Registered Users Posts: 11,218 ✭✭✭✭Nekarsulm


    Talk to any auctioneer who deals with Agricultural land lettings. In fact talk to a few of them.
    You will ideally be committing to a 5 year lease, as there are tax advantages to the land owner for leases of this length. Are you looking at "bare" land? ie without attached " entitlements"?
    The auctioneer will have the proper lease agreements, but remember the landowner will need to agree to the auctioneers involvement, as the owner will be paying his fees.


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