If you`re interested in leasing a horse in Alberta, it`s important to have a clear and detailed agreement in place with the horse`s owner. A well-written horse lease agreement can help protect both parties and ensure that everyone understands their responsibilities.
Here are some key considerations when writing an Alberta horse lease agreement:
1. Parties and horse information: The agreement should clearly identify the parties involved (the lessor and lessee) and provide detailed information about the horse being leased. This includes the horse`s name, age, breed, and any registration information.
2. Term of the lease: The agreement should specify the length of the lease term, including the start and end dates. It`s important to include any provisions for extending or terminating the lease early.
3. Payment: The lease agreement should clearly state the rental amount and any payment terms. This includes the due date for payments, late fees, and any provisions for security deposits.
4. Use of the horse: The agreement should outline the permitted uses of the horse, including riding, training, and showing. It`s important to include any restrictions on the horse`s use, such as limitations on jumping height or trail riding.
5. Care and maintenance: The agreement should include detailed provisions for the care and maintenance of the horse. This includes feeding, turnout, grooming, and veterinary care. It`s important to specify who is responsible for these tasks and any additional costs that may be incurred.
6. Insurance: The lease agreement should address insurance requirements, including liability and mortality coverage. It`s important to specify who is responsible for obtaining and maintaining insurance coverage.
7. Indemnification: The agreement should include provisions for indemnification, which means that each party agrees to hold harmless the other party for any damages or losses related to the lease.
8. Default and termination: The agreement should specify the conditions under which the lease may be terminated, such as non-payment or breach of the agreement. It`s important to include any provisions for notice and opportunity to cure before termination.
9. Governing law and venue: The agreement should state the governing law and jurisdiction where disputes will be resolved. In Alberta, the Alberta Residential Tenancies Act does not apply to horse leases, so it`s important to consult with an attorney to ensure that the agreement complies with Alberta law.
By working with an experienced attorney and carefully drafting a detailed lease agreement, horse owners and lessees can protect themselves and their equine partners and enjoy a positive and rewarding leasing experience.
