Lawyers can be helpful because they can provide clarity and advice on co-ownership agreements, and they are also trained to detect potential problems that parties may see overlooked or not coming. While a lawyer is often considered an additional expense, you can consider the cost as similar to checking a horse. A veterinarian examines a horse before buying it to make sure the horse is healthy, has no hidden defects and can serve the purpose for which the customer buys it. A lawyer strives to ensure that the co-ownership contract is fair to the horse, that it has no hidden problems and that it can serve the purpose for which the client concludes it. We have another sharing agreement for horses, where the two owners ride in leisure. See Horse Sharing Agreement: Freizeitreiten. If you decide not to consult a lawyer before entering into a condominium partnership, make sure there is a clear co-ownership agreement that indicates who is responsible for what and, if you disagree, how these discrepancies are resolved. If you own a horse together or intend to buy a horse with someone else, it is important that you have a legally binding document that contains the details – a condominium contract. Sharing the ownership of a sports horse has advantages for both the rider and the supporter. It can give a driver a financial or motivating incentive to provide services and it can reduce maintenance costs and the responsibility of the supporter.
People often think that because it is a co-ownership of a coach they trust, these issues will be dealt with on their own when they arise. Ideally, it is wiser to discuss this now to ensure that the two potential co-owners know their rights and obligations from the outset and implement them in writing in a relatively detailed treaty. If you are involved in a horse battle over a condominium contract, it is important that you get specialized advice from the beginning. Condominium agreements are sometimes lacking because the parties rejoice in the new horse and get into things without thinking about the details. Perhaps the proposed co-owners are good friends and think they will be able to develop differences, so there is no need to have a detailed agreement. Maybe it is a trainer and a client who are co-owners, and because of the client`s trust in the trainer, or because of the coach`s experience in condominium horses, none consider that a detailed agreement is necessary.