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Most people expect to sign a written contract when they buy a car, purchase a house, or rent an apartment. Purchase Contract, also known as a Lease Purchase Agreement, is the heart of renttoown properties.Lessee will have all the responsibilities and cost associated with horse ownership as if they own the horse. 2015 UPDATE: NO boarding facilities allowed. NO buildings or houses or barns that are not currently located on horse property. Many parks offer horse-friendly campgrounds and miles of trails. You will need to provide your own horse at most parks. 17 A full discussion of the gratuitous judicial labeling of real estate contracts is beyond the scope of this paper. 18.