![]() There are a variety of leasing contracts, including a full lease, a half-lease or a part-lease. The person from whom the horse is being leased (generally the owner of the horse) is referred to as the “lessor.” The person who is leasing the horse is referred to as the “lessee.” As such, when possible, leasing contracts should be in writing. However, if a dispute arises, it is often difficult to prove the existence and terms of an oral contract. A contract is an agreement, either written or oral, with specific terms between two or more people (or corporations) in which there is a promise to do something in return for a valuable benefit, known in the law as “consideration.” Contracts do not need to be in writing to be enforceable. This article will discuss some of the issues that arise in the context of a leasing contract and provide suggestions with respect to negotiating and drafting a horse lease.Ī lease is a particular type of contract. The key to a successful horse lease is to ensure that all parties are aware of their rights and obligations under the lease. For horse owners, leasing can help reduce some of the costs associated with horse ownership. Leasing can provide the enjoyment of a horse without the added responsibility or cost. Weslowski, LL.B., Litigation Lawyerįor people who do not have the time or money to buy their own horse, leasing is a great alternative to horse ownership.
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