Leasing Land - through auctioneer or not?

Mo60

We have had land leased to a relation that is coming to an end soon. Having had problems with regard to rent payments, we were debating as to whether there is any advantage in going through an auctioneer in regard to finding a suitable tenant.

Any advice would be appreciated.

delaval

Firstly that tennant must go, you do not need a bad pay relative or not.

Regarding an auctioneer what they can do for you is limited. They will get a tennant screw him as the more the rent the more comission they get. If you have any difficulty re. payment etc they will do absolutly nothing as they have already been paid.

70% of what I farm is leased and my only rule is NEVER do a deal with a landlord who uses an auctioneer.

The golden rule is a good longterm tennant is more important than the price!

Mo60

Many thanks for the advice. As a matter of interest why would you not deal with a landlord who uses an auctioneer?

As to finding a good tenant where is the best place to start, or is it down to making your own enquiries.

delaval

Mo60 wrote: »

Many thanks for the advice. As a matter of interest why would you not deal with a landlord who uses an auctioneer?

As to finding a good tenant where is the best place to start, or is it down to making your own enquiries.

As I said I would get screwed by auctioneer. I like to think my reputation is enough for any landlord

Let it be known locally that you are looking for a tennant. Look around for a guy who is leasing a lot of ground and doing a good job

keep going

personally i would kind of agree with delavel but have a couple of leases through auctioneers as well.picking your tennent is more important the money after all look at this way-who would you trust with a million euros.

1chippy

The owner can be a pain as much as the tennant. ive rented land both ways and have had no problem renting through an auctioneer. i rented privately and in one such cirstance found gates locked, and having to ring for keys. spreading fertilizer and being watched the whole time and asked what im going doing. being told that my stock should be moved on and even found them moved a few times.
I was offered another bit of reseeded at a very good price and when i checked up with previous tennants, none would go any where near it.
I'm not saying you are difficult but landlords need to be sound no more than the tennant. Some auctioneers have reps for maybe holding bits for friends and the likes and maybe holding down rents for a select few but the thing i like about them is you have the comfort of knowing when you have the ground until and your set dates for payment with money transfered directly through them. peace of mind when its down on paper.

flutered

got a few fields thro an auctioneer, i got a letter from him demanding the full amount up front, if not compound interest to be added on, then a line highlighted saying no subletting, i am wondering back in the day one paid what was called the first mighty in ferurary, then the 2nd mighty after the june milk cheque, as i have been away for quite a while this should explain my post.

mf240

I have two bits of land rented going on ten years in both places, never a word usually pay before I put stock on it and as chippy says the owners are sound and dont give me any hassle. nor I them.

Had a third bit rented from a woman and there was always something wrong and she would want to dictate when you topped it ect. I got fed up of it a few years ago and told her to run it up in her hole.

But to answer your question if you get a sound client there is no need for an auctioneer.

loveta

Have you got any good farmers beside/along your own farm? if so would it be worth considering sounding out some of them i lease nearly half my acreage would just love to get a chance of some adjoining land and like the guys before me said dont get stuck on the price a good guy in that manages it well is worth a lot more than the guy who makes sh#te of the place for the few extra quid