This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Tennessee Contract to Train, Board and Show Horse with Option to Purchase
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How to fill out Contract To Train, Board And Show Horse With Option To Purchase?
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Six main factors go into setting a price for your horse: age, height, intended job, temperament, performance record and soundness. There are always exceptions to the rule, but these are good general guidelines. Age: Age can work against you or for you, depending on what people are looking for, Courtney says.
The arrangement, essentially a formal rental agreement between an owner and a rider for a horse's use, has shown signs of gaining ground in these economically challenging times. At its most basic, leasing a horse is a way for an owner to reduce the cost of her horse's care without selling him or taking him out of work.
Lease-to-Buy Equine ContractTo purchase the horse, the buyer will pay the full purchase price during the lease term. During this time, the buyer will continue making lease payments per the parties' agreement, which will potentially go toward the total purchase price of the horse.
Consignorthe individual that arranges for the horse to be sold at the auction. The consignor is sometimes the actual owner of the horse but may also be an agent for the owner.
First, you should know that if you are buying or selling a horse in the state of California, you will need to have a written bill of sale that is signed by the buyer, seller, and/or agents. In addition to the signatures, the written bill of sale should have the terms of the sale and the agreed-upon price.
How to Write a Horse Bill of SaleStep 1 Date and Parties. Enter the date in which the document is being created.Step 2 Horse Description. Horse's Name (if named)Step 3 Purchase Price Information.Step 4 Security Deposit.Step 5 Signatures.Step 6 Acknowledgement of Notary Public.
The advantage of leasing is that you get all the benefits of horse ownership without the full financial commitment. Also, you get the benefit of horse ownership without the responsibility of having to make big decisions as far as the horse's health and well-being.
A contract will include offer, such as the sale of a horse, and acceptance, such as the purchase of that horse. Horse people often think deals can be sealed with handshake alone. But a handshake offers minimal, if any, legal protection. But there's much more to writing a legally binding agreement.
Leasing is often cheaper than owning and it offers more flexibility and you can always stop leasing if you need to. Once you own a horse you're in it for the long haul or until you can find your horsey friend a new owner.
How to Write a Horse Sale ContractIdentify the parties. That's the buyer(s) and seller(s), including addresses, phone numbers, and Social Security or Federal tax-identification numbers.Identify the horse.Date of sale.Price and terms of sale.Risk of loss.Warranties.Prepurchase exam.Insurance.More items...?