Horse Lease Contract

Horse Lease Contract

_______________________ (hereafter “Lessor”) and ___________________________ (hereafter “Lessee”) hereby enter into a lease agreement under the following terms:

The horse to be leased is described as follows:

Name: {Name}
Sex: {Sex}
Age: {Age}
Breed: {Breed}
Registration Number: {#}
Color and Markings: {Description}

The horse shall be leased from the Lessor to the Lessee for the purpose of training, riding and showing. During the term of the lease, the Lessee shall have exclusive use of the horse.

The term of this lease shall be from {MM/DD/YYYY} until {MM/DD/YYYY} at midnight on each date. The Lessee will retain a renewal option until {#} days before the termination date.

The Lessee is obligated to pay the Lessor a total of {$XX} for the rights conveyed under this lease. The amount will be paid in monthly installments of {$XX} per month. If not paid within {#} days, a late fee of {$XX} will occur.

The Lessee shall put down a security deposit in the amount of {$XX}, which will be distributed for damages and repairs as required by law.

The value of the horse is set at {$XX}. The Lessee shall be responsible for insuring the animal for the duration of the lease.

All training costs will be covered by the Lessee, who will be required to deal with the following trainer: {Trainer Name}. The Lessee will pay for the cost of shoeing the horse with the farrier {Farrier Name}. The Lessee will pay the Lessor for the cost of stabling the horse, as well as costs for feeding and grooming.

The Lessee shall have no rights, titles or subleasing entitlements for the horse.

The Lessee shall maintain good and proper care of the horse. The Lessee shall not be held liable for any medical, veterinary or clinical costs for injuries, sickness or death outside of the Lessee’s control.

In witness to their agreement to the terms of this contract, the parties affix their signatures below:

____________________________________            _________________________________

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Lessor, signature & date                                             Lessee, signature & date
Address_____________________________ Address___________________________
City, state, ZIP________________________            City, state, ZIP _____________________