Enter in your cash flow forecast the amount of rent you will have to pay for your riding centre premises in the months that you will have to pay it.
Make sure that there is enough land and stabling to accommodate a sufficient number of horses for your business to be viable.
The British Horse Society (BHS) can provide guidance on the standard of facilities you should provide, including stable construction, maintenance of pasture land, manure and feed storage. You can download a range of advisory leaflets from the BHS website.
Your solicitor will help you with the lease agreement but make sure that you are clear about:
- whether the premises can be used for the purposes you have in mind
- how frequently the rent will be reviewed
- how long the lease runs for
- what you and the landlord are each responsible for
- the position as regards sub-letting