Equine Lease Agreement with Option to Purchase

Westview Village California Lease 1. westview village, si vi, llc, a Californian limited liability company landlord`s agent: alliance residential company locationsor address: 11760 westview parkway, san diego, ca 92126 phone/e-mail: 2. landlord. During this time, the buyer will continue to make lease payments in accordance with the agreement of the parties, which may result in the total purchase price of the horse. If the buyer wants to buy the horse, he pays the purchase price minus the number of previous lease payments. If the buyer decides not to buy the horse, all rental payments made will remain the responsibility of the seller. As a buyer, you need to pay attention to the following elements in a rental agreement: name, age, color and sex of the horse, as well as a good description. Get copies of all health exams, vaccinations, and records from the veterinarian. Have a veterinary exam done before you buy to test for lameness and other health problems. Miracle Mountain Ranch Missions, incl. 101 Rodeo Dr. Spring Creek, pa 16436 (814) 664-7673 – mmrcamp gmail.com medical and liability release form(s) Date of participation: / / – / /.

Participant`s name: Gender: Social Security # Date of birth: //. The risk of loss section must be carefully analyzed. Consider what happens if the horse gets sick, injures itself or, worse, dies during the horse`s lease-purchase or installment purchase agreement. Any agreement must include language that addresses the possibility of injury or death of the horse, and possibly that the buyer is liable if, among other things, the horse is injured or dies while the horse is in the care, care and control of the potential buyer. This provision should specify that it is effective from the moment the horse leaves the seller`s property and continues until the horse returns. Depending on whether you need the potential buyer to purchase insurance, you should add the sentence that the potential buyer will cover all costs not covered by the seller`s mortality, major medical and loss of use insurance related to an accident, illness or any other danger, including the death or permanent disability of the horse. In addition, this driver/lessor/buyer is responsible for all costs/costs arising from his negligence. Check local laws about buying and selling a horse.

See if a brand inspection is needed and see what other health requirements are required. If a horse moves out of condition, check if it has undergone a Coggins test. To protect the interests of both the buyer and seller, hire a lawyer to review the agreement, as the attorney may suggest points to add that neither party has thought of. You can also specify a language in which the seller is not responsible for injuries sustained by the potential buyer. B for example, compensation. First of all, you need to date the document that indicates the day it was completed and signed and by whom. In principle, the following information must be provided in the contract: As a rule, the parties conclude a standard rental agreement, which provides for a monthly remuneration for the use of the horse. Deadlines can vary from several months to several years.

The parties also have an agreed purchase price for the horse, which the buyer pays for the horse in due time. To buy the horse, the buyer pays the full purchase price during the rental period. Five things that any lease agreement with an option to buy a horse must have are: (1) which horse is sold, (2) who is the seller and buyer, (3) for how much is it sold, (4) how payments are set up and when are they made, and (5) when does the buyer get the horse and when does the horse transfer ownership. Booking request form for allowances Please fill out 1 form per travel person. Your club information (check one and provide the name) Young alumni (enter the name of the school below): Young professional (enter the name of the organization below): Passenger. How does this work in a lease-to-purchase or equine installment purchase agreement? Some options: (a) Waiver of PPE; (b) compliance with the PPE before the date of entry into force or transfer of ownership; or (c) at a later date in accordance with the Agreement. Before entering into this type of agreement, you need to consider six points. Review your jurisdiction`s specific requirements for Equine Activity Liability Acts (EALAs). .