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Leasing can be the perfect compromise for someone who doesn't want to part with their horse and someone who doesn't want to buy a horse outright. No matter who you lease a horse from or to, there should be a, written contract setting out responsibilities, even if it is your best friend. Should there be a dispute, it is not impossible that you could lose both your horse and your friendship. A leasing contract should establish where the horse is to be kept and where it can be taken (or whether this is to be at the lessee's discretion); who will pay agistment fees; who will pay feed bills; and most importantly, who will pay veterinary bills. In addition, it is a good idea to decide whether the owner will be paid compensation by the lessee should the horse die, or need to be put down, due to an act of negligence on the lessee's part. Examples of lease contracts are set out in Appendix 1. If a leased horse is kept on a private property other than your own it is important that you tell the owner of that property that the horse is leased. The property owner will probably want to know the name and address of both the lessee and the legal owner, and may even demand that the owner signs the agistment or stabling contract instead of the lessee. Many property owners around Canberra will have had at least one bad experience of being left with unpaid agistment fees when a lessee abandons a horse without telling the owner, and the owners denies responsibility for the account, having not been informed until quite some time later that the lessee is no longer looking after the horse. |
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