The trainer/stable – one of the most important factors in deciding whether you want to rent your horse is the stable in which the horse goes and the trainer who is responsible for managing the horse`s training and show program as well as his daily care. It is important to learn the qualifications and reputation of the responsible coach to make sure you are comfortable with the situation. Identify the coach in the rental agreement and insert a clause that a change of coach can only take place with your written consent. If you buy a loss of use policy, this should be done with caution. Some may believe that the coverage automatically covers their losses, if in fact the loss of usage policies may have a lesser payment or the insurance company can still separate the horse if the owner/owner never wanted to part with their horse. Alternatively, the horse cannot meet the definition of “loss of use” as part of the received policy. Problems can arise if the rental does not indicate its duration. The owners sometimes want to cancel the lease and take back the horse, while the tenant expects another use. B for example during the rest of the show season. This type of litigation can be complicated and costly, but it can be avoided if the lease determines, among other things, the length of the lease, the date it can be terminated, how it can be terminated and whether (and how) one of the parties can terminate it sooner or extend for a longer period. The rental contract must indicate the type of use for the horse, i.e., only children`s hunters, adult sweaters, etc. If you show up, the level that the horse can show and the number of shows that can be entered by the tenant should be included. The lease should also include who can ride the horse and if the tenant can sublet the horse to other riders.
Careful planning and written contracts can help avoid many types of horse leasing disputes. The legal cost of developing or negotiating a lease could be much higher by taking legal action. In another attempt to protect themselves from liability, landlords may also consider requiring landlords to sign compensation agreements. A compensation clause may provide that when claims or undertakings are made against the lessor as a result of acts or omissions by the lessor (or other persons related to the lessor); the lessor is kept free of the lessor and pays the landlord`s legal fees as well as any debts or judgments. For homeowners, compensation clauses such as these may seem desirable, but they can be particularly complicated; consult with the lawyer before entering into these agreements. As with any contract, it is recommended that the terms of the lease apply in writing.