Australian Horse Lease Agreement
This agreement may be accompanied by documents confirming the ownership of the horse. You may also be asked to attach documents that show the horse`s state of health. Prepare these appendices in advance. The obligation to take out insurance against veterinary expenses, mortality and loss of use of the horse is an issue that the parties must take into consideration and resolve by integrating their own particular condition into the lease plan. Purpose of this contract – Documentation of a tenancy agreement between the owner (owner) of the horse and the person who temporarily takes possession of the horse (tenant). Horse information: name, registration number, father, mother, date of foal, sex, color, other details; Using an agreement like this provides both parties with a record of the agreements and the horse`s condition, which helps to avoid and resolve disputes more easily. Leasing a horse is sometimes a reasonable alternative to buying or selling. Under a rental agreement, the tenant has the exclusive right to use and enjoy a horse for a certain period of time or until the owner requests the return of the horse. The lessee sometimes pays a rental fee to the lessor, but this is often a “free lease”, which means that there is no fee to pay if the tenant takes care of the horse and pays all the costs.
A documented “free lease” avoids the risk that the tenant, when taking possession, may interpret the agreement as a gift from the horse. . . .