“The tenant must feel very good with the horse, which is half rented. If he is ready to make a deal, should the tenant do his homework and understand the history of this horse? “Option is said that if something happens under the authority of the tenant, it is the tenant who is responsible. Option 2 states that if the tenant was negligent when using the horse?and the negligence caused the injury?then the tenant is liable for the costs and costs. And Option 3 states that the landlord and tenant shared all the costs during the rental conditions,” explains Julie. Scenario #2 Kara is half-praised Jazzie, a 10-year-old Appaloosa mare, by her coach. You and Jazzie get along very well, and the arrangement works well. A month after the half-lease, Kara receives an unexpected bill from her coach for half the cost of Jazzie squat injections and two chiropractic appointments. Although Kara agreed to pay half of Jazzie`s board and vets` bills in her contract, she had no idea that the mare was on such an expensive diet. Another measure that you can take as an owner, julie proposes the purchase of appropriate liability insurance, as for example. B the liability insurance of a personal horse owner. However, the insurer should be informed that the horse is subject to a rental agreement.
To find out which agreements your state authorizes and implements, it is best to speak to a lawyer. “If the play between the horse and the tenant is unsuitable or if the economic or geographic circumstances change, the tenant could have an escape hatch in the contract,” explains Julie. With this type of insurance, she adds, the police are supposed to protect you if someone has been bitten, beaten, beaten or thrown away by the horse, and offers at least one legal defense. Although a semi-lease does not need to be entered into by a lawyer to be legal, Julie strongly recommends working with a lawyer. Just make sure that the lawyer you choose to comfortably design a half-lease, as very few lawyers are horse specialists. First, most states will impose a properly worded release of liability, so make sure your state does so (read later) and make sure your document meets the requirements of the state, because they are all different. The Take-Away While these scenarios may seem extreme, they illustrate some of the big problems that can occur in a semi-rental lease. These problems are the reason Julie insists on the need for a written contract.
“Because their horses are used in half a lease, owners take a risk that someone will be hurt by this animal,” says Julie. “I would like more people to be aware of this risk. For me, the risk of liability is much greater than the risk of injury to the animal. I do not want to diminish the value of the horse, but if someone is killed or seriously injured, they can incur millions of dollars. If the animal is injured, the number is much lower. In this type of agreement, the horse owner or owner allocates the cost of maintaining the horse and the time to ride with a tenant. It can be an advantageous way to save money on board, food, vet bills, etc. and it can be ideal for your horse if your own saddle time is limited. As far as the tenant is concerned, a half-lease can be used as a springboard to the possession of horses.
“Without a lawyer, people may miss critical details that are important to the document. In my office, I deal with a lot of adhesion,” says Julie.