Contract/Insurance for renting a yard?

[Flight]

Hi, I am looking at renting a livery yard with a friend, just wanting some advice about what to look for in the contract. Going to ensure we get it in writing about a notice period and who is responsible for what etc. Does any one have any other helpful tips? Also we will I presume need some kind of public liability insurance to cover us for any liveries we take on. Can anybody give a rough idea of cost and and again any certain things to ensure we are covered for? We will also be getting some kind of contract drawn up between ourselves to cover if we need to back out etc.
Thanks in advance.

 

[tasteofchristmaschaos]

I would check what rights they have in regard to grazing. My friend and I rented a previous yard of 8 stables and 12 acres, and come winter they locked all the fields as they said they didn't want them to become muddy and we wouldn't have access to them until at least spring and why were we complaining, we had stables. Needless to say we left in under a week...

 

[Flight]

Thanks for that, I will make sure we check that out. That sounds ridiculous can't believe they would expect you to keep horses locked away all winter. Some people :-(

 

[miss_bird]

there are many thigs to consider, maintenace on buildings, fencing and land, much heap removal, if you can sub-let, water and electric bills there is a whole host of things, but that should give you a starter

 

[Flight]

thanks, muck heap is removed by local farmer, i have on my list of questions to ask about building maintenance. Fencing is to be maintained by us which is fair enough. All good suggestions, please keep them coming. Want to be prepared when go see it in morning!

 

[martlin]

has it got commercial equestrian use on it? If it's private - you will be in trouble
Get out clauses...
rates payments...

 

[foraday]

Always consult a solicitor for contracts!!!!

Can recommend Stuart Farr the HH solicitor at Laytons.com

That shows the landlord that you serious about your business.

Public liability and Care, Custody and Control insurances are what you will require-costs depending upon how many stables usually and postcode

Friend was paying around £600 for the year for 6 stables

Good luck with you search for a yard

 

[Penniless]

Before you do anything, check with the Local Council to make sure it has permission to be run as a livery yard or might need to apply for Change of Use. Also, check who is going to pay the business rates.