Renting For Livery

[Whoopit]

I am fascinated by something.

People who rent a yard/farm (etc) for the purpose of livery/competition yard/stud (etc) and get planning and build an arena - what do you do if you leave the yard within a year or so? Presumably you wouldn't have scraped enough money to cover the arena being built and a farmer who has rented his spare bit of land and buildings to you isn't going to want to pay you for leaving an arena behind - so what happens?!

I'm not knocking it, i'm just interested as to why someone would go to the bother of renting a place, getting a school/walker (etc) whacked up then leave (maybe for a better yard) - how does it work out with any benefits you leave behind cos youc an't exactly take them with! Its far too much money to just cut your losses. . .

 

[SuperH]

If you were to rent a farm they usually come with something like a 10 year tenancy. Then it is up to you if you take the risk on spending money on it. I know plenty of people taking on farms for 10 - 20 years and spending horrendous amounts, taking risks that when the tenancy period is up they can renew it. I also know one who has just ended the 10 years and been asked to leave, they were devastated as they were hoping for a renewal, but that is the risk you take.

I don't know about yards and how long a typical rental is.