If you`re a horse owner, you know how important it is to find a stable yard that can provide the best care and accommodation for your beloved animal. Renting a stable yard is a common practice for horse owners who don`t have enough space or resources to keep their horses on their own property. However, it`s important to have a stable yard rental agreement in place to protect both the horse owner and stable yard owner.
Here are some things to consider when creating a stable yard rental agreement:
1. Rent and Payment Terms
The rental agreement should clearly specify the rent amount due monthly, the date when it`s due, and any late payment fees. It`s also important to outline how the rent payment will be accepted, such as by cash, check, or electronic transfer.
2. Length of the Lease
The lease length should be included in the rental agreement. It`s important to specify whether the lease is for a fixed term or a rolling lease. A fixed-term lease has a specific start and end date, while a rolling lease typically continues until one of the parties chooses to terminate it.
3. Use of the Stable Yard
Outline the intended use of the stable yard, such as whether it`s for personal use or for commercial purposes. Other factors to consider include whether the horse owner will have exclusive use of the stable yard or whether it will be shared with others, and whether the horse owner is allowed to sublet the stable yard.
4. Responsibilities and Liabilities
The rental agreement should clearly outline the responsibilities of both the horse owner and stable yard owner. This includes who is responsible for maintenance and repair, who is liable for any damages caused by the horse, and who is responsible for any injuries that occur on the property.
5. Termination of the Lease
The rental agreement should specify the terms for terminating the lease. For example, it could require a notice period before terminating the lease, or include specific conditions under which either party can terminate the lease.
Having a stable yard rental agreement in place can help prevent any misunderstandings and make sure that both the horse owner and stable yard owner are protected. So, before renting a stable yard, make sure you have a rental agreement in place that covers these essential topics.