This lease agreement template can be used both for the lease of a horse for eventing or jumping and a pony for showing. This comprehensive, flexible document provides you with a contract that primarily protects the interests of the owner, while treating the lessee fairly. Of course, the welfare of the horse or pony is paramount. It can be used for both long and short term lease periods.
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Leasing a horse or a pony is a practical alternative to buying or selling.
Under a lease, the person leasing (known as the lessee) has the exclusive right to use and enjoy a horse for a period of time in return for paying the costs of stabling, food and care. Often the lessee pays a lease fee to the owner (the lessor), but a 'free lease' is also possible.
This lease agreement template has been written to be suitable for use in a wide range of circumstances. It covers the loan of a horse or pony for competition, whether eventing, jumping, cross-country, dressage or showing.
It can be used for high value transactions, where the horse requires particular care, and for low value transactions where the aim is simply to allow someone else to enjoy the competitive side of equestrian sports.
The term of the lease can be as long or short as you like, from months to years. We suggest a short lease period so that the contract can be renewed and terms (such as the lease amount) updated.
Using an agreement such as this one protects both sides by providing a record of the arrangements and the condition of the horse, helping to prevent and more easily resolve disputes.
If the lease is a free one, documenting the arrangement makes clear to the lessee that the arrangement is not a gift of the horse, avoiding the risk of that on taking possession the lessee claims ownership.
To make your life easy, we have provided multiple options in many areas including responsibilities for care and maintenance, payment of the lease, option for purchase at the end of lease, participation in competitions, insurance obligations and much more.
The lessor and the lessee can agree that insurance must be taken out at a certain level to cover against veterinary costs, injury and death of the horse. Loss of use of the horse is something that both parties should consider carefully. Accidents and unforseeable events do happen when leasing a horse.
The law allows you, by and large, to set the terms you want.
The document should be edited so that it reflects exactly how your deal works. Our guidance notes will tell you what you can change safely and what we don't advise changing.
Use our horse loan agreement if the arrangement is much simpler - for example if you are lending your horse for free to a friend or family member who you trust to look after it.