Long-term leasing of land has surged due to rental exemption

Legal advice for farmers

A written legal agreement can prevent possible leasing problems such as high or low rent per acre, sub-letting, insurance claims, termination by either party, a site for a child, squatter’s rights.

Long-term leasing of land has surged in popularity since the government introduced favourable tax incentives on the rental income for landlords in 2015.

To qualify for the long-term income tax exemption scheme, the Revenue Commissioners have advised that a lease must: