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Report on Testing of Rent Review System

26/01/18

The Scottish Government has now published the Report On Testing Rent Review System prepared for it by Savills, Hamish Lean and Watson Bell on issues in implementing the rent review provisions for agricultural tenancies in the Land Reform (Scotland) Act 2016 that have yet to be brought into effect.

It offers a review of the approaches to the assessments that would be required for the proposed statutory (though non-exhaustive) factors of the productive capacity of the holding, the rental value of surplus residential accommodation and the rental value of assets used for non-agricultural purposes.  It also covers the for the rent review notice and despite avoidance.

The report concludes with recommendations.