Renting horse property and equestrian facilities. Property management of equestrian property.

By
Real Estate Broker/Owner with Turn-Key Properties LLC, Missouri and Kansas Real Estate

Renting that horse property has a few more details than just renting out a house in the suburbs.

Horse Property  Horse Property  Equestrian Property

Among the items to consider are:
 
How many horses can the acreage support?

Does the tenant plan to use the property for a commercial horse related enterprise?

What kind of liability does the horse operation pose to the owner and the property manager?

What kind of legal restrictions are there on property type and use?

Is your property really horse-safe? Horse fence  Round Pen

Well, the answers depend on a number of factors, the number of animals a particular property can support depends largely on where the property is and what the kind of land it is. Pasture land in the desert Southwest is drastically different than pasture land in the Midwest. Wooded land can support far fewer head of livestock than can properly prepared horse pasture.

Facilities are needed to accommodate livestock in some climates. Stalls for horses are a must in areas of weather extremes. Local codes may restrict numbers and types of animals on a certain property.

A commercial operation will require the proper zoning, signage and most importantly insurance.

Many communities restrict livestock by location, number of animals per acre and proximity to dwellings.

Horse-Safe, as a property manager you should know what constitutes horse-safe area. loose wires, ropes or scrap metal on a property pose a hazard to horses and other livestock. Sinkholes, poor fencing or other dangers can present a liability for the owner and the property manager.

An experienced equestrian property manager or ranch manager should take the time to point out hazards to the owner and suggest improvements that may make the property safer for the tenants livestock. While ultimately your lease should make it clear that the property manager and the property owner have no liability for the animals, the tenants activities or anything that happens on the property as a result of the tenants actions, you should still examine the property with liability in mind.

Many states have equine liability restrictions or even equine facility exemptions, you should make sure the appropriate signage is in place on each facility. Missouri Equine Law 

Managing equine facilities is a growing industry, as many owners are finding it difficult to sell at a respectable price, the option of renting is becoming more common.  Many of our clients are either deployed military who want a renter to live in their home until they return or simply homeowners who do not wish to sell at this time.

requiring the tenant to provide proof of liability insurance for any commercial operation is a must! Horse operations are inherently dangerous and liability insurance must be a requirement of any equine facility.

Property management of horse property can be a great addition to your portfolio of property management but you need to know the law and know what you are doing.

Kansas City Horse Property 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Groups:
Property Management Referrals and References
Horse Properties: Homes & Land
Tags:
property management
horse property
manager
equestrian property
horse real estate
rent horse property
equestrian property management

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
204,201
Lupe Soto
ICALREALTY - Burbank, CA
Lupe Soto GLOBAL Real Estate Agent

 

Ben, you post is very informative. I thank you for sharing all good points. in Burbank CA, we do have an equestrian center.  lupe

Feb 05, 2008 05:00 PM #1
Rainer
17,959
Cowboy Gonzalez
Keller Williams - Norco - Norco, CA
This Cowboy rides the extra mile.
Very informative thanks........
Feb 09, 2008 04:46 AM #2
Rainmaker
638,805
Christine Bohn
RE/MAX Professionals - Gainesville, FL
The Bohn Team, Gainesville FL
Terrific info.  I got a call this week from someone asking if my sellers will be willing to lease their home/farm for two years.  I will make sure to share this info with them.  Thanks!
Feb 11, 2008 01:51 AM #3
Rainmaker
154,077
Deb Dahlberg - Rowland
Stanberry & Associates, Realtors - Fayetteville, TX
Deb sells Texas "in between" AUS/SAN/IAH
Great post on renting out a horse property.  There are lots of things that a landlord with equestrian facilities needs to take into consideration.  They should find this info very helpful.
Feb 28, 2008 10:18 PM #4
Rainer
5,620
Kealoha Garcia
Smith Valley Realty - Smith, NV
Investment Property and Management, Exchanges

Question: Do you use a specific liability clause? I have seen a case where both parties (owners/renters) could have used protection, one of a horse vs. coyotes, and another horse kicked panels loose and destroyed common fence of the neighbors.

There area specific livestock laws here in Nevada, but not much covering dangers to horses renting, or damage to property if the horses get loose.

Any thoughts on that?

Thanks for the post!

Mar 01, 2008 12:41 AM #5
Rainmaker
77,086
Ben Edsall
Turn-Key Properties LLC, Missouri and Kansas Real Estate - Kansas City, MO

Our property management agreement places all liability on the homeowner, we are also listed as additional insured on their homeowners insurance. Our Lease places all liability on the tenant and we require them to have insurance.

If they plan to run a business from the location then we require additional insurance for that.

You should require your tenants to give you proof of insurance for their operations.

Kansas City Property Managers 

Mar 02, 2008 07:57 AM #6
Rainmaker
77,086
Ben Edsall
Turn-Key Properties LLC, Missouri and Kansas Real Estate - Kansas City, MO

Our property management agreement places all liability on the homeowner, we are also listed as additional insured on their homeowners insurance. Our Lease places all liability on the tenant and we require them to have insurance.

If they plan to run a business from the location then we require additional insurance for that.

You should require your tenants to give you proof of insurance for their operations.

Kansas City Property Managers 

Mar 02, 2008 07:57 AM #7
Rainer
152,872
Richard Wilson
Cherry Creek Properties, LLC - Colorado Springs, CO
Town or Country, in Colorado, we do it all.

I just joined Active Rain, this article has information that is very helpful to me in a deal I am currently working on. 

Sep 01, 2010 05:04 AM #9
Anonymous
Angie Wood

I am currently renting horse property and barn for my personal horses. My landlord keeps raising my rent per head including newborn foals.  Are there any laws to protect me from increase in price while foals are still nursing?  I didn't think they were supposed to be counted until they were weaned or at least 6 months old. Anyone have any info on this?  Thanks!

Jul 10, 2012 09:56 AM #10
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
77,086

Ben Edsall

Ask me a question
*
*
*
*
Spam prevention

Additional Information