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Updated over 3 years ago on .

User Stats

21
Posts
7
Votes
Spencer Howe
  • Rental Property Investor
  • Riverside
7
Votes |
21
Posts

Horse property for lease

Spencer Howe
  • Rental Property Investor
  • Riverside
Posted

I bought a 5 acre horse property with a dressage court and horse track. The house is secluded from the horse area and we have installed 2 barns and a bathroom on the lower half of the property.

Originally I was going to start my own horse boarding buisness but I have decided to lease the entire lower half of the property to someone else to use as they please. This is mostly going to be catered to horse trainers that offer lessons to the general public, but someone could also rent it out just for their horses.

Couple questions, the big one is insurance. The next one is how is this treated? Can I write a lease just as I do for my rental properties? the only thing that concerns me is the extra liability of someone having their buisness on my Primary property.

Thanks!