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Real Estate

December 22 2017
Emma Robertson What you need to know about the modern limited duration tenancy

United Kingdom - Shepherd and Wedderburn LLP

Agricultural land which is let under a lease on or after November 30 2017 for a term of no less than 10 years is now known as a modern limited duration tenancy (MLDT). Introduced by the Land Reform (Scotland) Act 2016, the MLTD has replaced the former limited duration tenancy (LDT) and it is no longer possible to create a new LDT. While MLDTs are similar to LDTs, there are a number of practical differences which landlords and tenants will need to know.

Authors: Emma Robertson, Stuart Greenwood, Hamish Lean
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