Lease Rent Payment

Mo60

If you rent land do you pay when rent is actually due or wait for a few weeks afterwards?

OH has land rented to relation and everytime rent is due he has to go looking for payment. Just want to know if this is the normal situation.

JohnBoy

It varies, in every walk of life and business there are those that pay their bills when they are due and those that dont.

Mo60

JohnBoy wrote: »

It varies, in every walk of life and business there are those that pay their bills when they are due and those that dont.

This I understand, but how long is it reasonable to wait? Last year he was waiting for 4 months on a half yearly rent.

bob charles

Att land i rent is half payment 1st may, second half 1st of September. I have often paid up before this date if land owner asked, and the opposite has also happened. there has to be give and take. I usually wait for the land owner to give me a bell when they want it. Allot also depends on the condition that leaser is maintaining the land. If I was renting out land and the farmer was putting allot of attention back in which cost money I would be allot more lienent

DMAXMAN

i have land rented from a relation and pay rent quarterly. i always pay a week either way of due date. on con acre in this area some auctioneers insist in first payment within a week of doing the deal and a post dated cheque for the second half.i think a 4 month delay on 6 monthlyrent is stretching it no matter what. as a suggestion you could ask for post dated cheques once a year just before the renter fills out their sps forms every year or threaten to take the land back in hand

cow man

there seems to be a new trend now of expecting the money up front

gazahayes

My land is leased out to 3 different farmers. One lad paid up in full before he put any cattle on it at all, another paid in april this year for last year! And the other says he'll give it to me soon. While i'm still trying to get some of last years out of another one that we got rid off.

Tipp Man

cow man wrote: »

there seems to be a new trend now of expecting the money up front

Reading on here i was beginning to wonder if i was the only mug who paid 100% the first week in Jan. It seems i am

Farmer Pudsey

Historically general convention was half at start of lease and the other half in August/September. If a small amount of land less that 10 acres all up front.

However there are two parties to a contract even a verbal one it is up to both to agree conditions amd this is often the issue you agree terms. If that is March and September or all the 1st Jan 0r 31st december then thay are the conditions. If it is due ask for it and if he is slow to pay remind him of conditions next year or demand all money up front.

When you lease or rent land there should be clear terms.

Mo60

Thanks for all your replies.

Terms of payment are clearly stated on the lease, so I wanted to see whether other people had the same problem in obtaining what is due.

bob charles

Am I the only mug that does all my deals over a handshake. Verbal agreement does me either selling or buying. I have yet to met anyone that hasn't paid me, I have had slow payers but this is all part of business. I think my terms of half may, half sept is fair to both sides. I have been outbid on numerous times by a long way, by some chance that has no notion of paying some part of the rent. If you charge a fair rent then you will have allot better chance of getting paid and on time. Currently I have nine landlords and soon to be ten:rolleyes: to keep happy, never have an issue by in large

Mo60

bob charles wrote: »

Am I the only mug that does all my deals over a handshake. Verbal agreement does me either selling or buying. I have yet to met anyone that hasn't paid me, I have had slow payers but this is all part of business. I think my terms of half may, half sept is fair to both sides. I have been outbid on numerous times by a long way, by some chance that has no notion of paying some part of the rent. If you charge a fair rent then you will have allot better chance of getting paid and on time. Currently I have nine landlords and soon to be ten:rolleyes: to keep happy, never have an issue by in large

Your landlords are very lucky to have you as a tenant. Unfortunately some of us are not in such a lucky position.

The rent charged in our case is very reasonable because the tenant is a relation. In our case doing a favour just made the tenant push the boundaries, but it has just made us realise that no favours will be granted in future.

JohnBoy

We have four tenants.

One is a handshake at some stage in the year and he sorts us out, or sometimes does some maintenance in lieu of the rent even, only has a corner of the yard.

Another would pay on the first of january if we had our paperwork right.

The other two have leases, managed by an estate agent...

One has two dates, and pays within a week of getting the invoice, biggest problem is getting the agent to send the invoices on time.

And the other......... well he does pay eventually.



But in my day job I see the exact same thing, there's people who will nearly want to pay up front, people who pay within a few days of getting the invoice, and people who wont pay for months at least.



Farmers I think have a poor name for paying their bills, but I dont believe they're any different to anyone else.

bob charles

JohnBoy wrote: »

Farmers I think have a poor name for paying their bills, but I dont believe they're any different to anyone else.

I often taught this maybe the case but the biggest problem seems to stem from them not receiving invoices in the first place. it probably a generation thing. I was having a chat with one of my merchants recently and he told me the exact opposite. he said at the end of the year if he was out 20k over 20m it would be at max. He said he can make a call on a new customer over the phone after speaking with him for a couple of minutes, this I believe as I owed him 20k without ever meeting him. I have 2 guys off the top of my head that I have never received an invoice for work done. I have offered to pay one guy numerous times but he says "I havn't time to make up your bill". we are talking a couple of years now since the work was done

JohnBoy

That invoices lark really really wrecks my head.

We are still chasing for bills for work done last year.

how the hell do lads operate like that?


Our hedgecutting man keeps a docket book in the cab, if you want to settle up on the day it's all done and dusted, if you need time to pay that's ok too, but at least you have the bill.

milkprofit

(Farmers I think have a poor name for paying their bills, )
J B please do not make statements like this
Merchants tell me farmers are very good payers
As opposed to builders and others
Why run our self down

whelan1

milkprofit wrote: »

(Farmers I think have a poor name for paying their bills, )
J B please do not make statements like this
Merchants tell me farmers are very good payers
As opposed to builders and others
Why run our self down

i pay my land bill in october when i get the sfp, i get the bill in september... i also think one of the main reasons the sfp is half paid in october is so we can pay our tax bill

JohnBoy

milkprofit wrote: »

(Farmers I think have a poor name for paying their bills, )
J B please do not make statements like this
Merchants tell me farmers are very good payers
As opposed to builders and others
Why run our self down

I said farmers have a name for it, ie a reputation.


Then I said I think they're no different to anyone else.

It's all there in one line in the original post. Read it all.

JohnBoy

whelan1 wrote: »

i pay my land bill in october when i get the sfp, i get the bill in september... i also think one of the main reasons the sfp is half paid in october is so we can pay our tax bill

Small article about the SFP advance in the back of this weeks journal.

In previous years there's been some reason for making a "hardship" case to the EU to allow the early payment.

Reading between the lines this year's case seems to be that the system has gotten used to the early payment so it should continue for cashflow reasons.

bob charles

JohnBoy wrote: »

Small article about the SFP advance in the back of this weeks journal.

In previous years there's been some reason for making a "hardship" case to the EU to allow the early payment.

Reading between the lines this year's case seems to be that the system has gotten used to the early payment so it should continue for cashflow reasons.

This advance annoys me aswell as much as it comes in handy it now drives guy bananas buying animals on two occasions a year. couple of more years and SFP will be so small it will make no odds. roll on dem days:D