Maryland Performance Horse Lease Agreement
Description
How to fill out Maryland Performance Horse Lease Agreement?
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FAQ
A free lease means that the horse is leased to someone without any payment to the owner. When you have a free lease you retain ownership and control of your horse but your horse, in best case scenarios, is still cared for and loved. Everyone wins. The owner has good care for the horse they love.
Full Leasing a Horse When you full lease a horse you pay an agreed upon fee for exclusive access to the horse. This means you are the only one riding the horse.
FULL LEASE: For $400 per month, you will have full, exclusive use of the horse. Full-leases require that you also pay to the costs of routine farrier and health care, which will vary according to the horse's needs.
Decide How Many Days the Lease Is For. Will you be offering a part or a full lease of your horse? Determine What Experience the Rider Needs. Decide on the Lease Price. Decide on the Lessee's Responsibilities. Determine Any Limitations. Draw Up a Contract.
Lease-to-Buy Equine Contract To 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.
A Complete List of Tenant's Names. The Amount of Rent Due and Due Date. A Clear Rental or Lease Term. Any Deposits and Late Fees. Right to Entry Terms. Maintenance and Repairs. Limits on Occupancy. Rules for Pets.
Option #1: The person leasing the horse is responsible for all of the horse's expenses (board, feed, veterinary, farrier, etc). The person leasing the horse may ride or use the horse any time they'd like. Full leases rarely restrict riding days, times, or horse-related events, like attending a horse show.
Contents of a lease agreement: Names of the lessor and lessee or their agents. Description of the property. Amount of rent and due dates, grace period, late charges. Mode of rent payment.