Commercial tenancy or Agricultural, Which is best?

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  • Commercial tenancy or Agricultural, Which is best?

    The scenario. A plot of land with a garden centre on.
    Tenant has had a 15 yr agricultural farm tenancy. The tenancy coming is up for renewal.

    The tenant now wants a commercial tenancy instead of a new agricultural.

    What are the pros and cons for the landlord of issuing a Commercial Tenancy instead of another agricultural?

    Are there any major differences between the two types?

    Thank you


  • #2
    A couple of things spring to mind:
    An agricultural tenancy may make a difference to the Landlord for Inheritance Tax
    A commercial tenancy can give security of tenure unless the relevant provisions are contracted out of

    Why does the tenant want a commercial lease?

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