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[RC] cooperative boarding arrangements - Laney

Does anyone have experience with cooperative boarding? A group of my friends is investigating an opportunity to lease land which they would fence. They would be responsible for everything. The person spearheading the effort is not a horse owner but is a retired judge and the friend of one of the horse owners. He has written up an agreement that I think has lots of holes and pitfalls. Does anyone have any experience with any kind of cooperative boarding arrangement. Would you be willing to pass on your experiences, good and bad, as well as suggestions on how to set it up?
Thanks,
Laney



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