An Act to make provision for farm business tenancies which begin after 1 September 1995. Section 4 excludes in part the Agricultural Holding Act, 1986 to tenancies covered by the present Act. Sections 5 to 7 provide rules for the termination of tenancies. Tenancies continuing for more than two years shall afterwards continue from year to year unless terminated by notice (sect. 5). Section 8 recognizes the right of a tenant to remove buildings and fixtures. Part II regulating the review of tenancy contracts shall apply in relation to a farm business tenancy unless the tenancy is created by an instrument which expressly excludes revision of the rent during the period of tenancy or provides that the rent is to varied by or to a specified amount or in accordance with specified formula (sect. 9). This Part provides for statutory review of rent by an arbitrator appointed either by agreement or by the President of the Royal Institution of Chartered Surveyors. Part III makes provision for compensation on termination of the farm business tenancy for improvements made by the tenant. Part IV provides for miscellaneous matters such as the resolution of disputes in the form of arbitration, agricultural values and the estimation of best rent, and for supplemental matters such as the service of notices and the applicability of provisions to Crown land and contains an interpretation section. The text of the Act consists of 41 sections, divided into 4 Parts and one Schedule.
Implemented by: Regulatory Reform (Agricultural Tenancies) (England and Wales) Order 2006 (S.I. No. 2805 of 2006). (2006-10-18)
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