Stephanie Griffey of Griffey Law has shared some of her best tips for horse leases from a lawyer’s perspective!
“Leased horses are commonly insured for the length of the lease, at a minimum. Typically, the Leasee acquires and pays for the insurance on terms described in a Lease Agreement and approved by the Leasor.”
“A Lease Agreement should describe who is responsible for relevant expenses – feed, vet care, maintenance, fuel, entry fees, boarding, farrier – and how potential earnings will be apportioned. If the Leasee is paying to lease the horse, the Lease Agreement should describe the amount of the payment, when it is due and how it will be paid.”
“If the Leasee will be traveling with the horse, consider the relevant laws and prepare accordingly. The Leasee will likely need a current Coggins, Certificate of Veterinary Inspection, Brand Inspection and Travel Permission.”
“Release of Liability”
“Although most states in the United States have an Equine Immunity Act that provides immunity in certain horse related incidents, an appropriate release of liability may provide additional protection in a Leasee-Leasor relationship (if appropriate in your jurisdiction.)”
“In Case of Emergency”
“The Lease Agreement should describe what happens in the case of the horse’s illness, injury and/or death including: the names and contact information for a primary and secondary veterinarian, the notice required to Leasor, an emergency contact if Leasor is unavailable and a provision requiring that the horse’s insurance agent be contacted immediately.”
You can read more tips she shares here!
Disclaimer: This is for educational purposes only*