Horse Leasing
 
 

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Horse Leasing

This is a discussion on Horse Leasing within the Horses for Sale forums, part of the Horse Resources category
  • Contract for taking over care of a horse
  • Owner reserves the right to retrieve horse with 2 weeks notice

 
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    09-30-2010, 12:47 AM
  #1
Foal
Horse Leasing

I am leasing my mare to a friend of a friend. The friend is going to let me lease her mare. So kinda a swap for a while. The friend's friend is leasing one of her horses now so is highly recommended.


Anything I should be aware of?

I want to make a simple contract. What should be included?

It is a free lease with the person taking the horse taking over full care.

Farrier
Vaccinations
Feed
How long lease is in effect
If we aren't happy with her care, how we get her back


Ect.
     
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    09-30-2010, 04:09 PM
  #2
Yearling
Well your situation is kinda confusing... but I get the point lol.

You could say (I'm just thinking out loud here):
______(Horse name) is being leased to ________(lessee name) for the cost of zero dollars and zero cents ($0.00). _______(lessee name) is responsible for all costs of horse including but not limited to farrier, vaccinations and feed. The lease starts ______(date starts) to ________(date ends). If owner _______(your name) is unhappy with the care of the horse (ie. Undernourished, in need of farrier) then _______(your name) can take the horse back under her care.

Now that is NOT really professional.... but I gave it a shot! Make sure both of you sign it, you have a copy and she has a copy. If you want you can include that if there is a vet bill for an injury over $300 or something like that she has to pay half, none, all of it, you decide, and the horse must be returned to you. That's all I can think of right now...
     
    09-30-2010, 04:11 PM
  #3
Foal
Definitely liability, what would happen if the horse gets sick, injured, lost, or stolen, what would happen if the horse injures the lessee, another person, or does any property damage. I would also put in there the barn the horse will be kept at and put a clause that the horse may not be transferred to another barn without your prior knowledge and approval.

Put in there that the lessee has inspected the horse and agrees to accept horse in present condition. That the lessee understands she doesn't have the right to transfer ownership or sublease the horse.

I've seen alot of lease situations go wrong so make sure you protect yourself and your horse in every way possible. I'm sure there are websites with how to specifically word a good lease agreement.

Good luck!
     
    09-30-2010, 04:19 PM
  #4
Foal
Thanks! And good idea, I will look for a website.
     
    10-04-2010, 12:01 PM
  #5
Foal
Anything this one is missing?
~~~~~~~~~~~~~~~~~~~


Free Lease Agreement For ‘_____________________'
This Document is NOT a Bill of Sale
This agreement dated ________________ is made by and between _____________ (herein referred to as ‘the Owner’) residing at _____________________________________
With phone number ___________________ and ______________________ (herein referred to
As ‘the Lessee’) residing at _______________________________________ for the Free Lease of one horse as described and identified below:
Horse’s Name: _________________________
Breed: _______________________________
Gender: ________________
Height: _________________
Age: ____ Years
Foaled: _________________
Color: __________________
Owner on Record: __________________________________________

Lease Price
Owner agrees to lease the horse described and identified herein to the Lessee for ZERO Dollars ($0.00) per month.

Owner Warranties
Owner warrants that he/she is the lawful owner of said horse and has the right to Free Lease said horse.

Owner Responsibilities
Owner is responsible for retrieving the horse with a minimum of two weeks (2 weeks) notice by Lessee that Lessee wishes to return said horse to Owner.

Lessee Responsibilities
Lessee warrants that he/she will provide the said horse with care above and beyond that which the state of _________________ deems minimal humane treatment of an Equine. This care includes providing food, water, and shelter for ______________ in a stall in winter in a clean, safe barn and a run in shelter during other seasons; access to a safe pasture with fencing sufficient to keep the horse safe and in the pasture for grazing, and exercise; regular
Maintenance of the said horse’s hooves via regular barefoot trims or farriery, and regular grooming, administrations of deworming medications, health care including annual inoculations and teeth floating, exercise, nutrition and displays of kindness necessary to maintain the said horse in his/her current state of physical and emotional health which Owner warrants, and said
Horse’s Veterinarian will concur, is excellent.

Lessee warrants that she/he does not have the right to sell, lend, sub-lease, move, or otherwise dispose of the said horse.
Lessee warrants that she/he has substantial experience working with and handling horses as a rider, trainer, and groom.
Lessee warrants that she is aware of the substantial risk of personal injury that can be sustained while riding or working around horses and agrees to hold Owner harmless of all liability of any injury to persons or property caused by the horse while the said horse is in the Lessee’s care.

Lessee warrants that she will use ‘best judgment’ in emergency situations and will inform Owner as soon as possible if such situations arise. Owner reserves the right to make all decisions regarding the health and welfare of the horse, including decisions about life saving or on-going treatments.

Term
The term of this Lease Agreement is renewable automatically every month, however, Lessee may terminate this agreement with a minimum of two weeks notice to the Owner at any time.

Owner reserves the right to retrieve the horse with a minimum of two weeks notice to Lessee.

Breach and Cure
1. Owner reserves the right to terminate this agreement immediately if the horse is not maintained by the Lessee according to the terms of this agreement.
2. Cure: Lessee has 15 days to remedy the breach according to the terms of this agreement.
One cause for breach would be if __________________ jumps a fence that takes him/her
Out of the pasture onto a road. The cause for breach is not limited to this instance. Any form of negligence is cause for breech.

Notices
All notices may be sent to the Owner at the address listed herein. All notices may be sent to the Lessee at the address herein.

Entire Agreement
This agreement constitutes the entire agreement between the Owner and the Lessee. The invalidity or enforceability of any provision of this agreement shall not affect the validity or enforceability of any other provision of this agreement, which shall otherwise remain in full force and effect. This agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument.

The Laws of the State of ____________________ shall govern this agreement.

Accepted and Agreed to by: Accepted and Agreed to by:
The Owner The Lessee
     
    10-04-2010, 12:41 PM
  #6
Foal
I think it looks good.
     
    10-04-2010, 12:44 PM
  #7
Foal
Thank you, this is my first time doing this and I am nervous I will mess something up. Lol
     

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