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Date of the Sale. Seller's Name & Address. Buyer's Name & Address. Description of Livestock. Number. Color. Kind. Brand. Weight. Health. Vaccinations. Condition. Any other relevant information.
Step 1 Date and Parties. Enter the date in which the document is being created. Step 2 Horse Description. Horse's Name (if named) Step 3 Purchase Price Information. Step 4 Security Deposit. Step 5 Signatures. Step 6 Acknowledgement of Notary Public.
Boarders may want to take out equine liability insurance in case of accidents, such as a horse getting loose and getting hit by a car, or otherwise injuring someone. The average price for $500,000 worth of coverage is $250 annually, and covers up to four horses.
As a stable owner, you should insist that the horse owners provide proof that their horses are insured for liability, but the horse owner's policy will not extend to the stable owner's liabilities. When boarding horses on your property, you should have the proper equine liability insurance for your business.
(You may not need as much grazing land if they'll be eating hay every day.) In general, professionals recommend two acres for the first horse and an additional acre for each additional horse (e.g., five acres for four horses).
Housing. If you don't own enough land to support a horse, boarding at a barn or stable is the next best option. A horse is assigned a stall and you're given access to trails, a pasture or arena. The cost of boarding averages $400 to $500 per month but can go as high as $1,200 to $2,500 in metropolitan areas.
Self-care stall board usually costs between $200 and $1,000 monthly depending on the factors described above and self-care pasture board can cost between $100 and $600 monthly.
Scope out legalities. Consider zoning, business permits and your state's lien laws. Evaluate your facilities. Investigate the cost of liability insurance. Research your market. Crunch the numbers. Draw up a legal boarding contract.
Scope out legalities. Consider zoning, business permits and your state's lien laws. Evaluate your facilities. Investigate the cost of liability insurance. Research your market. Crunch the numbers. Draw up a legal boarding contract.