Are there different types of ownership for horses?

Yes, there are different types of ownership for horses in Delaware. Co-ownership is when two or more people own a horse together. Each co-owner has an ownership percentage, which determines how much they are responsible for the horse’s care and costs. Lease agreements are when one person owns the horse but allows another person to pay to use it. Lease agreements usually include who is responsible for the routine care and fees associated with owning the horse. A contract of sale is the most common form of horse ownership. This is when one person owns the horse and is responsible for the care and costs associated with it. If the horse is being sold, the parties usually sign a contract of sale with the terms of the sale. Finally, absentee ownership is when the horse’s owner is not present, but someone else is responsible for the horse’s care. This could be a facility, boarding agreement, or a friend or family member. The horse’s owner is still responsible for the costs and is responsible for monitoring the horse’s care. No matter the type of ownership, all horse owners in Delaware must comply with the laws set forth by the state. The Delaware Department of Agriculture provides information on equine law and important regulations. It is important for owners to familiarize themselves with these regulations to ensure they remain in compliance.

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Are there different types of ownership for horses?

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