A common lease agreement includes the exclusive occupancy of horse pastures used exclusively for recreational purposes. Such an agreement defines all access rights. B and defines all restrictions: pastures cannot be used, for example, for the exercise or training of horses (this activity is the origin of a business lease). There will also be certain obligations for the tenant, such as the requirement for proper maintenance of fences, removal of drops, and notification to the owner of the intervention of weeds like Ragwort. This would ensure that you do not accidentally end up with a lease agreement that affects your control of the country and prevents you from claiming BPS. There are five main agreements for horse grazing: a grazing permit; common law rent; Business rent (in accordance with the Landlords and Tenants Act); Operating Rent (FBT); and “profit” take. A farm can be used under limited conditions for horse grazing contracts that may be part of a larger commercial operation (. B for example, a painting farm or a riding school), but you should exercise a high degree of caution. An operating lease can only be used if the main activity is used for agricultural purposes.
Although pastures are considered agricultural, secondary equestrian activities are not. Therefore, an economic lease would only be valid if the pasture was completely separated from the land on which the farm and facilities are located. Therefore, if you agree to have a country company, you must be vigilant. If you allow non-farm activities to take place on pastures (and this could be something as simple as a few jump bars or dressage markers) that deny renting the farm and lead to a business rent. In general, we do not recommend using a farm for grazing horses, but each situation depends on its individual merits. “However, it is important to note that the title of the agreement does not create a licence or lease in law, the actual text of the document on the exclusive ownership of the property will determine where the agreement will eventually fall in this area of the law.” This can be a cost-effective use, especially if your fields are too small to be of interest to farmers. You can earn about $350 to $400 per hectare depending on location and equipment. For the rental of a field, the responsibility for maintenance depends entirely on the draft contract.
Lucy Winfield, of Strutt and Parker, said: “You have to follow the same approach, whether you are dealing with 2 or 20 hectares. If you own a riding property and want to rent it as a painting yard, you need a different type of rental covering commercial use.