The Suffolk New York Brood Mare Lease Agreement is a legally binding contract that governs the leasing arrangement between the owner of a brood mare (the lessor) and the individual or entity leasing the brood mare for breeding purposes (the lessee). This agreement outlines all the terms and conditions to ensure a smooth and transparent leasing process while protecting the rights and interests of both parties involved. Keywords: Suffolk New York, brood mare, lease agreement, leasing arrangement, breeding purposes, lessor, lessee, terms and conditions, rights and interests. There are various types of Suffolk New York Brood Mare Lease Agreements that cater to specific needs and situations. Some commonly known types include: 1. Full-Time Brood Mare Lease Agreement: This type of agreement enables the lessee to have exclusive rights to use the brood mare for the entire breeding season. The lessee is responsible for all expenses related to the brood mare's care and breeding activities during this period. 2. Seasonal Brood Mare Lease Agreement: This agreement allows the lessee to lease the brood mare for a specific breeding season, typically ranging from a few months to a year. The lessor and lessee negotiate responsibilities and costs involved, including veterinary care, feeding, and transportation. 3. Foal-Sharing Brood Mare Lease Agreement: In this arrangement, the lessor and lessee agree to share the foal resulting from the brood mare's breeding. The lessor usually retains ownership of the mare while the foal is shared or divided between both parties according to agreed-upon terms. 4. Split Fee Brood Mare Lease Agreement: This type of agreement involves sharing the proceeds from the sale of the resulting foal between the lessor and lessee. The split fee is often predetermined and depends on the market value of the foal. 5. Care-Taking Brood Mare Lease Agreement: This agreement enables the lessee to lease the brood mare primarily for its care and well-being, excluding breeding rights. The lessee assumes responsibility for feeding, veterinary care, and general maintenance of the brood mare but does not involve any breeding-related activities. It is important for both parties to carefully review and understand the terms within their chosen type of Suffolk New York Brood Mare Lease Agreement to ensure a fair and mutually beneficial arrangement. Seeking legal advice before signing any agreement is always recommended.
Suffolk New York Brood Mare Lease Agreement
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A partial lease arrangement, also known as a half lease, usually provides you with the ability to ride the horse you are leasing during certain days of the week. In a partial lease, you will be sharing the horse with another rider or the owner.
Overall, the North American broodmare market was down slightly, with the average broodmare price dipping 0.8% to $83,161 compared with a 2017 average of $83,799. The North American median, however, decreased nearly 12% to $15,000.
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.
For a full lease, the lease fee is most often about 25% ? 30% of the horse's entire perceived value paid annually. So, for a horse worth $10,000, you can expect a lease fee of around $2500 yearly.
How much does it cost to lease a mare for breeding? A $250.00 deposit is required to reserve a mare for the Breeding Lease Program. Once you begin the breeding process, a montly lease fee of $150.00 will be charged. You are responsible for this monthly fee until the resulting foal is born.
Traditionally, the lessee absorbs all care and breeding expenses of the mare and foal. The owner traditionally will maintain insurance on the mare. Some agreements have a lease fee for the use of the mare, while others may ask for the return of the mare in foal.
What care is the lessee responsible for providing? A lease agreement should specify who is responsible for ensuring the horse receives adequate shelter, feed and water, grooming, exercise, farrier care, dental care, and veterinary care, including vaccines and deworming.
Leasing a horse is nearly always less expensive than buying one. It's a relatively low-cost option between owning a horse outright and using a rotating carousel of school horses at the stables. You get the consistency of riding one horse without much of the expense.
Full versus partial lease. A full lease means there are no restrictions on when the lessee can ride or otherwise use the horse. In a full lease, the owner typically does not use the horse. A partial lease, sometimes called a half lease, means the lessee can use the horse only part of the time.
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In addition, is available for breeding purposes. The Thoroughbred has served as a national symbol of good breeding and thoroughbred ism for over a century. As a recognized racing breed with a history of continuous improvement, the New York Thoroughbred is the most widely recognized Thoroughbred in the world. More than 75% of all the Thoroughbreds that compete in the have been New York bred. Thoroughbreds in the New York region are often owned by New York based dealers. With more than 100 miles of tracks, New York is the only major horse racing jurisdiction with a thoroughbred racing tradition. Horse racing in New York is closely associated with many facets of the horse economy and has generated an economic impact in excess of 400 million annually.
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