Next NSW Race

Latest News

New Lease Amendment Form Introduced

Wednesday, 1 August 2018

Racing NSW is pleased to announce a simplified way to amend Leases currently in place on NSW horses.

In an effort to simplify changes for the connections, the new Lease Amendment form notates the outgoing and incoming party by signature with the Managing Lessee responsible for informing the other Lessees, and the Managing Owner responsible for informing and the other Owners.

This is similar to the practice introduced by Racing Australia in 2014 for Transfers of Ownership because of the inconvenience of having to ask all owners to sign and acknowledge what often is only one minor shareholder change.

Lease amendments - simplified

Owners lease horses to groups of people in often standard lease arrangements. A common example is a 3-year lease to 10 lessees for a rental of 20% of prizemoney returning to the owner (Lessor).

During the life of the Lease, one or two lessees may change – people leave and others come in. Under the previous system, this required a cancellation of the entire lease and all parties to complete a new lease document and include the new parties.

The new Lease Amendment form in place in NSW, carries the following requirements:

  • Must be a NSW lease
  • Outgoing lessee signs out
  • Incoming lessee signs in
  • Manager Owner (Lessor) signs, confirming that they have advised all other owners (Lessors)
  • Managing Lessee signs and lodges with Racing NSW, confirming that they have advised all other lessees
  • All other conditions of the lease and expiry date remain

You can download a copy of the Lease Amendment form here

The Latest Racing News

Outcome Of Appeal - Licensed Jockey Chad Lever

Chad Lever – Before the Racing NSW Appeal Panel Licensed Jockey Chad Lever lodged an appeal against conviction and penalty ...
Read More

Rosehill Winners - Tips For Saturday 17th November

By Ray Hickson Tips and race by race preview by Ray Hickson for Saturday’s meeting at Rosehill Gardens. Selections based ...
Read More

Brosnan Hoping To Take A Portion Of Winnings At Grafton (Monday)

Gold Coast trainer Maryann Brosnan is expecting a positive first-up showing from former Victorian galloper Portion Control when he kicks ...
Read More

Jockey Overweights - Dubbo (Tuesday)

Stewards have permitted the following overweights for Dubbo on Tuesday 20th November:  Race 2 number 13 – Delchuzy (K Jennings +1.0g). Race ...
Read More

Cavanough Set For A Big Day At Scone (Monday)

By Tony Megahey Brett Cavanough, riding the momentum of recent metropolitan and regional success, offers compelling form and numbers for ...
Read More
Loading...
Racing NSW Apps
View
Mobile Version
Contact
Forms
Information
Industry Links