Lease agreement

It is important that an agreement is made between the lessor and lessee with regard to the lease period, prize money split, if any, and any exceptional costs that may remain the lessor’s during the period. Below is a template agreement and guidance notes which cover several points to consider when finalising your agreement.

It should be noted that this agreement is provided as a template, and may be altered to suit the particular requirements of the Lessee/Owner. 

Other areas that could be considered for inclusion:

• Consider the influence that the owner/Lessee has over when/where the horse runs
• The level of detail included regarding veterinary requirements e.g. does the owner have the power of veto over certain treatments, who makes the decisions in the event that the Owner/Lessee isn’t contactable in an emergency/decisions regarding emergency surgery/euthanasia

Lease Agreement