Horse Boarding Lease Agreement With Option To Purchase

Category:
State:
Florida
Control #:
FL-02-06
Format:
Word; 
Rich Text
Instant download

Description

The Horse Boarding Lease Agreement with Option to Purchase is a comprehensive contract that outlines the terms and conditions for boarding horses at a stable, while also providing an option for the owner to purchase the horse. Key features include the payment structure for boarding fees, responsibilities for emergency care, risk of loss clauses, and stipulations regarding insurance. Owners must submit detailed information about each horse, adhere to the stable's rules and regulations, and maintain proper veterinary care, including regular vaccinations. The agreement emphasizes a lien right for unpaid fees, facilitating legal recourse for the stable. Additionally, it articulates the inherent risks associated with equine activities, with an acknowledgment of the limited liability of the stable under Florida law. This form serves as a crucial tool for legal professionals, owners, and support staff to establish clear expectations and protect their interests in equine boarding situations.
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  • Preview Boarding Stable Agreement - Horse Equine Forms
  • Preview Boarding Stable Agreement - Horse Equine Forms
  • Preview Boarding Stable Agreement - Horse Equine Forms
  • Preview Boarding Stable Agreement - Horse Equine Forms
  • Preview Boarding Stable Agreement - Horse Equine Forms

How to fill out Florida Boarding Stable Agreement - Horse Equine Forms?

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FAQ

Full Lease vs. While there are many different types and lengths of leases, a full lease and a half lease are the two main variations. With a half lease, you typically ride the horse 3 days a week (many owners require one ride to be a lesson). Another rider will have the horse for the other 3 days.

In the full lease situation, the lessee usually pays for all of the horse's costs, such as boarding, feed, veterinarian bills, and farrier bills, in return for being able to use the horse whenever the lessee wants. This situation is the most akin to horse ownership.

In exchange for the exclusive use of the above-named (mare, gelding or stallion) (horse's name) during the period of this lease, the Lessee does hereby agree to assume all responsibilities and to pay all normal and necessary expenses for the care of said horse consistent with the practices of good animal husbandry, ...

There's significantly less commitment involved in leasing a horse than in buying one. That means this choice is better for kids who may or not stick with riding, rapidly growing children, and riders who may be moving house in the near future.

The cost of lease is typically 1/3-1/2 of value, but can be much less than the cost of purchasing a comparable animal. Only one commission is paid to a trainer at the onset of a lease. Buying and selling a horse has two commissions ? at purchase and again at sale. Leases cost a fixed amount.

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Horse Boarding Lease Agreement With Option To Purchase