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Leased Entitlements payment

  • 21-08-2023 11:49pm
    #1
    Registered Users, Registered Users 2 Posts: 19


    Has anyone been payed for entitlements that were leased out yet?



Comments

  • Registered Users, Registered Users 2 Posts: 654 ✭✭✭PoorFarmer


    Are you the lessor or lessee?

    Was the deal done through a third party or directly between both parties?

    From my experience the payment is held by a third party (if you went through the third party route) until payment on the entitlements has been drawn down by the lessee. This is to protect both parties in the lease agreement. If this was the case then you should have been made aware that payment would be held off until then.



  • Registered Users, Registered Users 2 Posts: 4,146 ✭✭✭Hard Knocks


    Have you received a message on agfood to say the transfer has gone through. Generally this takes place before the funds are released.



  • Registered Users, Registered Users 2 Posts: 19 farmqi28


    I'm the lessor, I leased them out through two auctioneers. I was usually payed end of July by the auctioneer.



  • Registered Users, Registered Users 2 Posts: 19 farmqi28


    No message yet, perhaps processing is just slower this year.



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