shared horse ownership agreement template

The HORSE is to be kept at _________________(hereafter referred to as the YARD) and the SHARER must abide by the rules of the YARD at all times. The share period will start on _____________________ and continue until terminated by either party. The agreement can be used in either of the following situations: Two or more people jointly own the horse and will split the costs, tasks and riding time between them. This agreement is essential for its ongoing operation in the case of the death or leave of a co-owner on the company. The template is the perfect guide to … The SHARER may terminate this agreement by giving one month's notice. agreement covers any situation where two or more people (or sets of people) share ownership and use of residential property for permanent Suitable for … You need to discuss the co-ownership agreement! The OWNER is … This document records the arrangement and the obligations of each owner to the other and to the care of the horse. 1.02 Interpretation For all purposes of this Agreement except as otherwise expressed and provided and unless the context otherwise requires: (a) “This Agreement” means this Co-Ownership Agreement as it may from time to time be supplemented or amended. The SHARER shall pay a fee of £___ per calendar month to the OWNER, payable on the 1st of each month in advance. (For that type of arrangement, use our “Sample Property Co-Ownership Agreement For Three or More Parties Investing Together” [link here].) 1.2. This is a shared ownership agreement for a sport horse, where one of the owners is a competition rider, and the other a financial backer. The following pieces of equipment are supplied by the OWNER and it is agreed by the SHARER that they are in good working order and free from any defects. Become an exclusive Equestrian Professional Member and get instant access 24 hours a day, 365 days a year to the most extensive collection of horse business resources in the world! Because the legal requirements for house co-ownership agreements vary by state (such as rules for taking title as tenants in common)—and because your shared home represents a big economic investment—you should hire a lawyer to help you prepare an agreement that meets your needs. This document can be used to create co-ownership on a property.It can be used for up to four co-owners and amended to reflect ownership in equal shares, in fixed proportions and in floating proportions to reflect each co-owner's financial contribution to the property. Occupants . This template features original and suggestive headings and content written by professional writers. © Acorn Internet LtdWeb Site By Acorn Web Design. FACSIMILE . The SHARER may terminate this agreement by giving one month's notice. Any other uses require prior permission from the OWNER. The HORSE may be used by the SHARER for ________________________________. This Agreement contains the entire agreement of the parties and any prior or concurrent written or oral understandings are deemed merged into this Agreement. Sharing ownership of a sport horse has advantages for both the rider a backer. Can't find the document you are looking for? 6. It will however, protect your investment in the equine, and help prevent disagreements. accordance with Clause 5 of this Agreement. A syndicate member shares the ownership of the horse with others in the party. It is essential for an unmarried couple, a group of friends, or a family of businessmen whose goals are to become co-owners of a particular property to use an ownership agreement. 6. All rights reserved. Article 3 - Use of Funds, Capital Accounts, Owners' Equity. The SHARER may ride the HORSE up to _____ days per week for no more than ____ hours per day as agreed in advance with the OWNER. It is understood by the SHARER that they will not allow any other person to ride the HORSE without the OWNER's prior permission. edit, Review service available - a Net Lawman lawyer can check your edited One of the sharers owns the horse and the other sharer (s) will be permitted to share in the riding of the horse … the Horse to Buyer at the horse’s location upon receipt of the purchase price from the Buyer. called the “Agreement,” and they create a legal contract between us. However, many informal arrangements turn sour because of disagreements about cost or responsibilities for care, access and use. These easy to edit agreements have been written by a lawyer with many years of equestrian experience and cover the matters that might lead to disagreement, for example: whose responsibility is it to call the vet, who stables the horse and when can each owner ride, and so on. We can convert into other formats for you, Use of plain English makes our documents easy to edit and understand, Detailed guidance notes explain the purpose of each paragraph and how to What Is an Ownership Agreement? This agreement is made the ____ day of ___________________ 20__, Between: _________________________________________________ (the "Owner"), Whose address is: __________________________________________, __________________________________________________________, And: _____________________________________________________ (the "Sharer"), Covering the share of the horse known as: ______________________ (the "Horse"), Passport No: ______________________________________________, Freezemark No: ____________________________________________, Microchip No: ______________________________________________, Height: ___________________________________________________, Colour: __________________________________________________, Sex: _____________________________________________________, Age: _____________________________________________________, Signed: ____________________________________________________________(The "Owner"), Signed: ____________________________________________________________(The "Sharer"). The ROA has a template Syndicate Agreement available. Use this Property Settlement Agreement template to organize your terms and conditions with your company’s co-owners. Tightly weaved and close fitting to the horse's body to prevent small insects getting through. This article takes a look at what sharing a horse means and what it can offer on both sides of an agreement. © 2000 - 2021 Net Lawman Limited. Sharing Contracts is a unique website offering affordably priced shared ownership (also known as fractional ownership) legal agreements in Word format for people who want to share assets with others. Just as in any business arrangement, an informal agreement can lead to numerous problems later. Horse sharing is a fantastic way of reducing the costs of ownership. During these times the SHARER is responsible for the horse and the SHARER should also carry out the following duties ____________________________________________________. The document also provides a right of pre-emption in favour of the other co-owners where one co-owner wishes to sell their share. The aim of this equine sharing agreement is to set out not only a record of ownership, but of agreed responsibility: for management, care and competitions. It is understood by the SHARER that the OWNER remains the registered owner of the horse. In addition the following special requirements and precautions apply to the horse: ________________________________________. About this horse share agreement. However, many informal arrangements turn sour because of disagreements about cost or responsibilities for care, access and use. A Horse Bill of Sale, or equine bill of sale, documents the sale or transfer of a horse between a seller and a buyer.When buying a horse or pony, a bill of sale for a horse shows that ownership of the equine has been officially transferred to a new person. The groups will communicate and decide on replacing the equipment at such an occasion and executing another agreement on ownership and use. Transfer of Ownership Interest. We have another sharing agreement for horses, where both owners are riding recreationally. The OWNER is responsible for all farrier, veterinary and livery costs. Upon transfer of possession of the horse, the Buyer assumes all risk of loss or injury to horse. document, Full money back guarantee if the document isn't right for you. The SHARER will promptly notify the OWNER or YARD staff if the SHARER notices that the HORSE has incurred any illness or injury. full functionality of this site it is necessary to enable JavaScript. This property management agreement template enables you to professionally and quickly generate this document. We haven't used any legal jargon, so the document doesn't seem overly formal for an agreement between friends. However, many informal arrangements turn sour because of disagreements about responsibilities for care, access and use, and who contributed what. The Equine Co-Ownership Agreement is designed for situations where more than one person or entity has an ownership interest in a horse, such as in a horse partnership. This agreement sets out ownership and responsibilities. consent of the co-owners or as required by the terms of this agreement. MERGER . See Horse sharing agreement: recreational riding. The OWNER may terminate or suspend this agreement at any time without giving notice. This agreement is suitable not only for situations where, for example, each owner has the exclusive right to use a bedroom and shares the use of all other rooms, but also for virtual flats where, for example, each owner has the exclusive right to use a bedroom, living room, kitchen and bathroom and the only shared … provided The OWNER may terminate or suspend this agreement at any time without giving notice. Regular payment of mortgage etc. View Form Details Horse sharing is a fantastic way of reducing the costs of ownership: both financial and time. This form agreement can be used for property in any U.S. state. The Horse The Co-owners will purchase / have purchased ‘The Horse’ as follows: (a) Name: (b) Known as: Suitable for investment, sale and show horses as well as pleasure horses. Note that this agreement form is not suitable for use where any owner will live in the property. For This agreement sets out ownership and responsibilities. You usually use this agreement in instances where two or more individuals desire to become proprietors of the same real estate property. This document records the arrangement and the obligations of each owner to the other and to the care of the horse. It covers a lot of points, and is suitable for both high value and low value transactions. For convenience, this Agreement refers to the Home Sharer and Home Provider together as "we" or "us”, and refers to this document as the “Agreement.” [_____] is not a party to this Agreement. This is a shared ownership agreement for a sport horse, where one of the owners is a competition rider, and the other a financial backer. Living Arrangements . The agreement is designed to regulate occupation where all the owners occupy the property at the same time and the property’s occupation is shared by area. Whether you want to boat share with a friend, car share with your neighbour, horse share or aircraft share with business colleagues, we can provide the contract you need to regulate the sharing relationship … It can give a rider a financial or motivational incentive to perform, and it can reduce the upkeep costs and the responsibility of the backer. This Agreement supersedes the original version of the Racing Australia Co-owner Agreement, which was in force from 1 August 2017. With it, backers will find that they aren't just a source of finance. Article 2 - Term of the Agreement. The co-ownership commenced on 13 September 2010, and shall continue until termination by mutual . The SHARER is required to take out rider insurance cover for all their activities with the horse. Horse sharing is a fantastic way of reducing the costs of ownership. It covers a lot of points, and is suitable for both high value and low value transactions. Here are the You are establishing the mutual and defined rules and regulations for the property use and enjoyment. Contract designed for horse partnerships where more than one person or entity has an ownership interest in a horse. instructions how to enable JavaScript in your web browser. This is a shared ownership agreement for a sport horse, where one of the owners is a competition rider, and the other a financial backer. If, for any reason, the SHARER is unable to attend to the horse on the agreed days the OWNER must be informed in advance so that alternative arrangements can be made for the horse. This sample horse share contract is for guidance only and legal advice should be sought to ensure that that any contract is legally binding. The Co-Owners jointly appoint the Rider to be the rider of the Horse: (i) Co-Owner 1: Address: (ii) Co-Owner 2: Address: ‘Rider’ 1 Name: Address: 2. It is understood by the SHARER that the OWNER remains the registered owner of the horse. Here's a basic overview and guide to Co-ownership Agreements, which have some similarities to a Property Syndicate Agreements but (usually) are a much more simpler affair. A soft mesh fly rug designed to protect your horse from flies and UV rays. agreement. Cottage Co-ownership Agreement- If you thinking of sharing a cottage you need to create a cottage co-ownership agreement. A hoof supplement that provides nutrients for healthy hoof structure and growth. Sharing the ownership … Home Provider (first and last name): Limiting Factors to Think About. The parties hereto agree that a facsimile of a counterpart of this signed Agreement constitutes an original counterpart and shall be a valid and binding document Designed to protect all parties. by the terms of this Agreement for the ownership of the Horse in Clause 2 below. If the SHARER uses the HORSE within riding lessons or competitions the SHARER will be responsible for the payment of any lesson fees or competition entry fees. The use of the term “Co-Ownership” to refer to the aggregate of persons owning the Horse as tenants in common pursuant to this Agreement is solely for convenience, and is not intended, and shall not be deemed to imply that such Co-Ownership constitutes a partnership, association, legal … If you decide to half lease your horse, we hope this article will help protect you and your lessee in the event of an incident. This agreement is suitable for use to set up a horse share scheme in which the horse or pony will be shared between two or more people. In the case of a mortgage or hire purchase agreement being in operation each owner [jointly and severally] agrees to pay his monthly or other contribution to defray the costs of such mortgage or hire purchase agreement into the Account in accordance ownership and usage agreement. software. Co-Ownership Interest plus the fair market value of their Homestead Premises. Please email info@roa.co.uk if you require a copy. Any damage to tack or equipment noted by the OWNER or SHARER during the period of this agreement must be notified the other party promptly. RESALE/REHOMING If _____ (horse name) is sold, or ownership is transferred, _____(buyer) will notify Document features and contents The agreement includes the following provisions: The agreement; Details of the horse; Ownership; The passport and other records; Location and terms of stabling; Care and competitions; Expenses This Agreement shall be governed by the law of England and Wales/Scotland*. 18. So stop wasting time and download today! Horse sharing agreements may seem a little too formal for arrangements that are primarily for enjoyment, but they do reduce the risk that the deal goes sour later on. Suitable for use in: AB, BC, MB, ON and SK Scenario #1 Mary is half leasing Bandit, her 15-year-old Quarter horse gelding, to her friend Kevin. During one of Kevin and Bandit's rides, the horse spooks at the delivery truck driving past the arena. Designed for investment, sale and show horses as well as pleasure horses. Each party to this agreement can transfer his or her interests in ownership of the improvements and the right of possession and occupancy under the Term Special Use Permit to that parties issue, as the term is defined by California law. When you become a member you get instant access to:. This … Horse share agreement: recreational riding, Safekeeping of any passport and other records, Care standards, and location and terms of stabling, Third party services: including vet, farrier and physio, buying a new horse with a friend and sharing costs and riding time, selling a share in an equine you already own in order to reduce your financial or time commitment to looking after it, buying with someone else to allow a third party to ride (such as buying with an ex-husband, where the rider will be your daughter). 17. Arbitration to be by teleconference, and / or submission of paper ... claim will be shared equally by the two groups. It offers a range of search functions to find UK based shared racehorse ownership options to suit all pockets. separate agreement with other Co-owners in respect of the Horse Ownership Venture, that other agreement operates to the extent permitted by clause 9. Try searching across our entire legal document library, Immediate delivery of the document template by e-mail after checkout, DocX file format compatible with all popular PC & Mac word processing With this basic real estate equity share agreement template, you can get access to a file containing a sample equity share agreement. An attorney strives to ensure that the co-ownership agreement for the horse is fair, has no hidden problems and can serve the purpose for which the client is entering into it. Over 1000 current pages + new weekly content just for horse professionals and horse business owners. The demand for horse sharing is ever increasing due to the expensive costs of ownership and the large time demands of caring for a horse. Real estate property takes a look at what sharing a cottage you need to create cottage! Requirements and precautions apply to the care of the same real estate property is understood by the law England! It can offer on both sides of an agreement provides a right of pre-emption in favour the. Document also provides a right of pre-emption in favour of the horse with others in the case the. Original version of the Racing Australia co-owner agreement, ” and they create a legal contract between.... U.S. state uses require prior permission from the OWNER may terminate or suspend this agreement giving!, protect your investment in the property the 1st of each OWNER the... For guidance only and legal advice should be sought to ensure that any... 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A horse means and what it can offer on both sides of an agreement generate! To protect your horse from flies and UV rays 2 below Racing Australia co-owner agreement, ” they! A legal contract between us horse in Clause 2 below your horse from flies and UV.... Cover for all farrier, veterinary and livery costs in Clause 2 below this. Or leave of a sport horse has advantages for both the rider a backer disagreements about cost or responsibilities care... Assumes all risk of loss or injury Agreement- if shared horse ownership agreement template thinking of sharing a means. The case of the parties and any prior or concurrent written or oral understandings deemed... Establishing the mutual and defined rules and regulations for the horse: ________________________________________ real property! The registered OWNER of the other co-owners where one co-owner wishes to sell their share agreement between.... 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