433. The Agricultural Tenancies Act 1995.

The Agricultural Tenancies Act 1995 applies to all agricultural tenancies granted after 1 September 1995 but does not affect existing tenancies (or successions to those tenancies) granted under the Agricultural Holdings Act 19861. Tenancies created under the 1995 Act are called 'farm business tenancies'2. In order to qualify as a farm business tenancy, a tenancy must satisfy the following conditions:

  1.  

    (1)     the business conditions, which require that all or part of the land is farmed for the purposes of a trade or business and has been so farmed since the beginning of the tenancy3; and

  2.  

    (2)     either:

    1.  

      (a)     the