240 0 0 at 23 3 per acre, is £279 7 6 By this estimate the rent of the farm averages 23s. 3d. per acre, exclusive of the houses and the homestead. The amount is carried forward and added to the rent of the buildings. VIII. RENT OF BUILDINGS. THE farm-house and buildings are now to be valued and added to the rent. It is objected by many persons that no rent ought to be fixed on such buildings, alleging the impossibility of holding a farm without them, or of profitably occupying them without the possession of the land. The accommodations of a dwelling-house, of barns, sheds, stables, and gardens, are indispensable to the occupying of a farm; and when land is rented, it seems reasonable to conclude that the buildings should be thrown into the agreement. Lands can be let without buildings, but not profitably or for any length of time, except as grass lands for mowing and pasturing; and a great part of our soils is wholly unfit for that mode of management. The value of build ings appears in the difference of rent obtained from lands provided with them, and from those where none are erected; such buildings are valued at a low rate compared with that of shops or other trading houses, because it is considered they are partly valued in the rent of the land to which they are attached, and because in most cases farms could not be let without them. There will be a difference of rent between a farm that is provided with suitable and convenient buildings, and one that has inconvenient and bad accommodations, and substantial buildings will be erected or the old ones repaired at the owner's cost. Old buildings that require frequent and expensive repairs should bear no rent; and the probable outlay must be borne in mind. in fixing the rent, if the expenditure falls upon the tenant by agreement. The rent of buildings is usually found by making an estimate of what they would cost when erected, and reckoning a per-centage upon the money expended by the landlord. If built within 20 years, 5 per cent. is charged upon them as a poundage; and after a building has stood 20 years, this poundage is generally reduced to 2 per cent. The readiest way of finding the original cost is, to measure the ground upon which the building stands, and to judge by the height and appearance what should be allowed per square yard. The house on the farm, for instance, measures 13 yards square, or 169 superficial yards, and is a good substantial building, two stories high, erected about 40 years ago, and would probably cost at that time 31. per square yard = 5071.; which, at 21 per cent., amounts to 12. 13s. 6d. for the yearly rent. The other buildings were erected at the same time. The two beasthouses and turnip-house have hay-chambers over them. They measure 144 square yards, and would cost about 30s. per yard building, which amounts to 2167.; and at 21 per cent., makes 51. 8s. rent per annum. The two barns and stable occupy 315 square yards, which, at 30s., is 236l. 10s. ; at 2 per cent., is 117. 16s. annual rent. The riding-horse stable and pig-house, with the chambers over them, measure 60 square yards, at 30s. per yard,—is 90%.; which, at 2 per cent., is 2l. 5s. The other buildings will amount to a yearly rent of Another method consists in allowing a space of ground, say two acres, to be oc |