Is a deposit refundable on a horse?

If the parties agreed that the buyer would buy the horse only if it passed a vetting, this is what is known as a 'condition precedent' - a condition which has to be fulfilled before the contract becomes binding. If the horse fails the vetting, the contract falls away and the seller should return the deposit.

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Florida Performance Horse Lease Agreement

Florida Horse Agreement With Deposit

Name: Florida Horse Agreement With Deposit
Brand: US Legal Forms
Rating: 4.61 (432 reviews)

Category:

Florida Animals - Horses

State:

Florida

Control #:

FL-21-06

Format:

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Description Equine Lease Agreement Forms

This is a performance lease agreement related to a brood mare. It is used when the lessee desires to lease another person's horse for the purpose of riding or showing the horse in competitions. It includes provisions for lease payments, permitted uses, care and maintenance, risk of loss, insurance and assumption of risk.

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Horse Lease Agreement Form Rating

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Horse Lease Contract Other Form Names

Horse Leasing Agreement On Site Horse Lease Agreement

FAQ

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...?

In summary, a deposit is security for the buyer's performance of the contract. It is generally not refundable unless the contract expressly states otherwise. In contrast, a part-payment is refundable, subject to any losses that the innocent party may have as a result of the breach.

If you have an interested buyer but the sale is not complete, get a deposit from the buyer before you agree to take your horse off of the market. The deposit should be in the form of cash or a cashier's check, as personal checks may bounce. The deposit amount should be enough to show the buyer's serious intentions.

If the parties agreed that the buyer would buy the horse only if it passed a vetting, this is what is known as a 'condition precedent' - a condition which has to be fulfilled before the contract becomes binding. If the horse fails the vetting, the contract falls away and the seller should return the deposit.

Until you are certain you wish to proceed, do not pay for the horse or put down a deposit. Any deposit, no matter how small, can be legally binding.

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Widespread and against Agreement. Completed or to correct transactions that have incorrectly been processed.

Florida Horse Agreement With Deposit

Description Equine Lease Agreement Forms

Horse For Lease Related forms

How to fill out Florida Horse Agreement With Deposit?

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Horse Lease Agreement Form Rating

Horse Lease Agreement Form Form popularity

Horse Lease Contract Other Form Names

FAQ

How do you write a sale contract for a horse?

Do deposits have to be refunded?

How do you put a deposit on a horse?

Is a deposit refundable on a horse?

Do you pay a deposit when buying a horse?

Interesting Questions

What is a Florida horse agreement with deposit?

Why would someone enter into a Florida horse agreement with deposit?

What are the typical terms and conditions in a Florida horse agreement with deposit?

How much deposit is typically required in a Florida horse agreement?

What happens if the horse sustains an injury or becomes ill during the agreement?

Is insurance required for a horse under a Florida horse agreement with deposit?

Can the agreement be terminated before the agreed-upon duration?

What happens to the deposit if the agreement is terminated early?

Is a Florida horse agreement with deposit legally binding?

Are there any specific legal requirements for a Florida horse agreement with deposit?

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