Alberta Standard Riding Lease Agreement Form

Lease Agreement - Riding
This agreement is made the _______________ day of _______________, 2_________
BETWEEN
_________________________________________________
_________________________________________________
_________________________________________________
(Hereinafter called the “Owner”)
And
_________________________________________________
_________________________________________________
_________________________________________________
(Hereinafter called the “Lessee”)
Whereas the Owner is the owner of the horse named _____________________________ with the
registration number _________________, aged ___________ years and described as:
_____________________________________________________________.
The Owner agrees to lease the horse to the Lessee on the terms and conditions contained herein.
And in consideration of the mutual covenants and agreements contained herein, the parties hereto
agree as follows:
The Owner hereby leases the horse to the Lessee for a period of time terminating on
________________________________, 2________.
The Lessee shall pay the Owner the sum of ____ dollars for the term of the lease.
The Lessee shall be responsible for handling the horse in an orderly fashion of maintaining good
health.
The Lessee is responsible for paying all routine veterinary care, board and other expenses until the
termination of the lease.
The horse shall not be moved from the Lessee’s premises or location where the horse is being kept
unless the Owner is notified and given 30 days’ notice of such a move.
The value of the horse is established at __________________________ Dollars ($_______). If full
mortality insured, the horse shall be insured for said amount.
In the event of the horse requiring major veterinary care, the Lessee shall contact the Owner advising
the Owner of the extent of the situation and cost sharing will be determined at that time. Under no
conditions will the Owner be responsible for more than half the cost of such care.
The Lessee agrees to use the horse for riding purposes and not to have the horse bred.
The Lessee agrees to deliver the horse to the Owner’s residence at the termination of the lease. Late
return of said horse may result in financial penalties.
The Owner agrees to give the Lessee the first option to purchase the horse for the declared value of
up to the termination of the lease.
The Lessee has the option to purchase the horse at any time during the lease for the stated value of
$___________.
Upon receipt of $___________, the Owner shall transfer the registration papers in to the Lessee’s
name.
This lease shall be terminated in any of the following events:
Death of the horse
Either party giving the other party 30 days of his/her desire to terminate
On _______________________, 2_________.
In the event that the horse requires extensive veterinary care, or in the case where probably disposal
of the horse is required, the Lessee shall contact Dr.______________________ at (_______)
__________________ who can act on the Owner’s behalf if the Owner cannot be notified.
This agreement can be renewed by the parties for a specified period of time under the same terms by
signing a written Memorandum to that effect upon the termination of this agreement.
The parties hereto covenant to comply strictly with the terms of this agreement.
This agreement shall be binding not only on the parties hereto but also upon their heirs, executors,
administrators and assignors.
This agreement becomes effective upon the signing by both parties.
________________________________
Owner
______________________________
Lessee