The co-ownership commenced on 13 September 2010, and shall continue until termination by mutual . Designed for investment, sale and show horses as well as pleasure horses. 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 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 … About this horse share agreement. 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 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. 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. The OWNER is … 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. Any other uses require prior permission from the OWNER. The template is the perfect guide to … We haven't used any legal jargon, so the document doesn't seem overly formal for an agreement between friends. See Horse sharing agreement: recreational riding. This property management agreement template enables you to professionally and quickly generate this document. It will however, protect your investment in the equine, and help prevent disagreements. Article 3 - Use of Funds, Capital Accounts, Owners' Equity. 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. agreement covers any situation where two or more people (or sets of people) share ownership and use of residential property for permanent We have another sharing agreement for horses, where both owners are riding recreationally. Suitable for use in: AB, BC, MB, ON and SK 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. This Agreement contains the entire agreement of the parties and any prior or concurrent written or oral understandings are deemed merged into this Agreement. Over 1000 current pages + new weekly content just for horse professionals and horse business owners. Sharing ownership of a sport horse has advantages for both the rider a backer. 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. The SHARER is required to take out rider insurance cover for all their activities with the horse. Article 2 - Term of the Agreement. What Is an Ownership Agreement? The share period will start on _____________________ and continue until terminated by either party. Tightly weaved and close fitting to the horse's body to prevent small insects getting through. A soft mesh fly rug designed to protect your horse from flies and UV rays. This template features original and suggestive headings and content written by professional writers. 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. This document records the arrangement and the obligations of each owner to the other and to the care of the horse. 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 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. © 2000 - 2021 Net Lawman Limited. Horse sharing is a fantastic way of reducing the costs of ownership: both financial and time. 17. Sharing the ownership … This Agreement supersedes the original version of the Racing Australia Co-owner Agreement, which was in force from 1 August 2017. Horse sharing is a fantastic way of reducing the costs of ownership. 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. Horse sharing is a fantastic way of reducing the costs of ownership. 6. This agreement sets out ownership and responsibilities. The SHARER will promptly notify the OWNER or YARD staff if the SHARER notices that the HORSE has incurred any illness or injury. accordance with Clause 5 of this Agreement. 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 The OWNER may terminate or suspend this agreement at any time without giving notice. The groups will communicate and decide on replacing the equipment at such an occasion and executing another agreement on ownership and use. View Form Details 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. 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. 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. A hoof supplement that provides nutrients for healthy hoof structure and growth. 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. 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. Co-Ownership Interest plus the fair market value of their Homestead Premises. Here are the Home Provider (first and last name): This agreement is essential for its ongoing operation in the case of the death or leave of a co-owner on the company. The SHARER shall pay a fee of £___ per calendar month to the OWNER, payable on the 1st of each month in advance. called the “Agreement,” and they create a legal contract between us. This Agreement shall be governed by the law of England and Wales/Scotland*. The OWNER is responsible for all farrier, veterinary and livery costs. The SHARER may terminate this agreement by giving one month's notice. It is understood by the SHARER that they will not allow any other person to ride the HORSE without the OWNER's prior permission. However, many informal arrangements turn sour because of disagreements about cost or responsibilities for care, access and use. Just as in any business arrangement, an informal agreement can lead to numerous problems later. (For that type of arrangement, use our “Sample Property Co-Ownership Agreement For Three or More Parties Investing Together” [link here].) Transfer of Ownership Interest. Limiting Factors to Think About. instructions how to enable JavaScript in your web browser. Suitable for … Please email info@roa.co.uk if you require a copy. 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. It is understood by the SHARER that the OWNER remains the registered owner of the horse. The ROA has a template Syndicate Agreement available. 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. Regular payment of mortgage etc. It offers a range of search functions to find UK based shared racehorse ownership options to suit all pockets. With this basic real estate equity share agreement template, you can get access to a file containing a sample equity share agreement. You usually use this agreement in instances where two or more individuals desire to become proprietors of the same real estate property. A syndicate member shares the ownership of the horse with others in the party. MERGER . It is understood by the SHARER that the OWNER remains the registered owner of the horse. 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 Horse The Co-owners will purchase / have purchased ‘The Horse’ as follows: (a) Name: (b) Known as: This form agreement can be used for property in any U.S. state. full functionality of this site it is necessary to enable JavaScript. During one of Kevin and Bandit's rides, the horse spooks at the delivery truck driving past the arena. ownership and usage agreement. agreement. This … 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. Designed to protect all parties. This article takes a look at what sharing a horse means and what it can offer on both sides of an agreement. So stop wasting time and download today! document, Full money back guarantee if the document isn't right for you. 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. 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 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 Contract designed for horse partnerships where more than one person or entity has an ownership interest in a horse. Note that this agreement form is not suitable for use where any owner will live in the property. The SHARER may terminate this agreement by giving one month's notice. Cottage Co-ownership Agreement- If you thinking of sharing a cottage you need to create a cottage co-ownership agreement. Living Arrangements . However, many informal arrangements turn sour because of disagreements about responsibilities for care, access and use, and who contributed what. With it, backers will find that they aren't just a source of finance. 18. 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). It covers a lot of points, and is suitable for both high value and low value transactions. However, many informal arrangements turn sour because of disagreements about cost or responsibilities for care, access and use. 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 … 6. 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. 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. The OWNER may terminate or suspend this agreement at any time without giving notice. When you become a member you get instant access to:. This agreement sets out ownership and responsibilities. For 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. 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 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. 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. © Acorn Internet LtdWeb Site By Acorn Web Design. During these times the SHARER is responsible for the horse and the SHARER should also carry out the following duties ____________________________________________________. Also carry out the following special requirements and precautions apply to the OWNER may terminate suspend... With it, backers will find that they will not allow any other require... 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