Using an Agent – Equestrian Property

There are many issues that can be anticipated and avoided when leasing or selling equestrian property, with the issues being as varied as the properties themselves!

Andrew Granger & Co Rural surveyor, Adam Jaeban explains how our new Country Home and Equestrian brand will be helping those selling, buying or leasing equestrian properties.

"As people’s appetite for equestrian facilities and houses with land increases along with their buying power we have found the need to appeal directly to this niche part of the market. We now provide a showcase for these properties in our Country Home and Equestrian brand. In other words a family who are selling a property with five acres and loose box stables are going to want to look for another house with a paddock and not be satisfied with a large garden in a rural setting!

However, the sale of equestrian property is more complicated than erecting a sign board and crossing your fingers. A proper marketing strategy and a clear understanding of client expectations are vital in securing the desired offer and it can be a case of putting the right properties under purchaser’s noses. The ability to get into relevant publications and websites in addition to the usual web portals combined with our live database of purchasers is invaluable in achieving this. We also find that understanding the different way lenders and conveyancers can treat an equestrian property helps prevent any deals breaking down at the later stages. We liaise closely with solicitors throughout the sale process until completion.

Letting equestrian property can become very technical, especially if your tenant is using the property for business purposes. It's easy to accidentally stumble into a business tenancy and inadvertently award tenants security of tenure. It is important to agree and clearly set out any repair and insurance liabilities from the outset to ensure a sustainable relationship and avoid unforeseen costs. Involving a professional in the process can also prevent Landlords discovering unexpected and unwanted tax liabilities and ensure sustainable tenants are chosen and capable of managing the land and sometimes their equestrian business. When houses are included in addition to the usual gallops, ménages and loose boxes Landlords can also come unstuck by anti-eviction legislation.

In summary, demand is growing but a badly managed sale process can mean vendors and landlords end up frustrated and disillusioned."