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How to prepare Equine Lease Agreement

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FAQ - Equine Lease Agreement

What is the purpose of Equine Lease Agreement?
The purpose of the Equine Lease Agreement is to allow you more flexibility and speed in executing your marketing plan as well as to enhance marketing capabilities. It is designed for your use with the understanding of our obligations, limitations, and liability. What are the fees associated with the Equine Leases, and how do those fees affect pricing? Equine Leases are priced based on a three-year term (subject to early termination option) and a base fee payable to us on expiration of the lease. In addition, if you terminate or fail to renew the lease on time, we will also recover reasonable legal and other costs as part of the termination payment, and may recover reasonable costs incurred by us in connection with your failure to renew or terminate on time and also any reasonable costs incurred by us in connection with damage to our buildings (or improvements thereto), equipment, or other property, and, in the case of any tenant who, without our knowledge, causes our property or premises to become unsafe, our liability may be unlimited, including for such damages. The lease also states that there are no “deed deposits” except as may be allowed by law and that deposits are non-refundable unless otherwise agreed by us or the leaseholder. We will attempt to collect any additional deposits at the time of default and when they are made will have recourse to the remedies set forth herein and to any other available legal remedy for any loss or damage sustained by us (including reimbursement of reasonable attorney's fees and costs). You acknowledge that you will not be responsible for any deficiency due to payment or failure of payment of deposit or penalty fees or for any other costs not otherwise required by law. What benefits are available to me after I sign the lease and in what quantities? You now enjoy a higher level of customer service as a result of your understanding of your responsibilities as a tenant and your willingness to act accordingly. We have added additional benefits such as: · No fees for renewals. · Increased rental flexibility. · Increased marketing power. · Increased business flexibility. · Improved security. · Access to amenities. · Less maintenance requirements. · Access to our facilities. · Increased marketing opportunities. How do I know I am being taken care of if of my own volition? We are dedicated to your health and safety.
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