3.The 2012 Act amends the law on agricultural holdings to: -
extend the definition of “near relative” (being the class of successors who are entitled to serve counter notice to a notice to quit) to include a grandchild of a deceased tenant farmer;
prohibit lease terms which provide for upward only or landlord only initiated rent reviews in Limited Duration Tenancies; and
provide that changes in rent resulting from the exercise or revocation of the option to tax by a landlord, or a change in the rate of VAT where such an option has effect, do not qualify as a “variation of rent” such as would prevent parties from seeking a determination from the Land Court on the rent for a period of three years.