Relinquishment and Assignation: What options do farmers have to surrender their secure agricultural tenancies?
The secure agricultural tenancy is now recognised as having a measurable value. Unlike a number of other lease types in Scotland, secure tenant farmers with a tenancy under the Agricultural Holdings (Scotland) Act 1991 (“the 1991 Act”) possess a valuable asset due to their security of tenure.
Agricultural leases can be passed down through generations of farming families and for many, their livelihoods are dependent on succession or lifetime transfers of the tenancy.