The RICS has launched an updated Model Conacre Licensing Agreement to reflect recent changes in the Common Agricultural Policy (CAP).
The fifth edition of the agreement, which was originally launched in 2005, comes in response to a variety of issues raised by the introduction of the Basic Payment Scheme (BPS), Greening Payment, and the Young Farmers Scheme.
Changes include the option for renewed for more than one year with the agreement of the licensee and licensor.
The Model Licensing Agreement, which was updated by the RICS Land Group, is intended to be used freely as a framework for a practitioner’s own agreement or used as it is.
RICS NI Director, Ben Collins, says: “With the introduction of the Basic Payment Scheme, it was important to update the RICS Model Conacre Licensing Agreement, previous editions of which have been widely used as the basis for Conacre agreements. The new edition includes alternations to take into account the CAP changes and we believe that it will be a sound basis on which to create Conacre Licensing Agreements into the future.”
Further information is available at: www.rics.org