Questions about Leasing
 
 

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Questions about Leasing

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    04-27-2009, 08:58 PM
  #1
Foal
Question Questions about Leasing

I am new to the forum and the horse world, and definitely need some advice. I am considering going into a full lease with a horse owner that posted the offer in the newspaper. Thing I'm uncertain about is the liability statement she wants me to sign. Any injuries, wounds, or soreness that occur while under my supervision are my responsibility (ie vet bills or medicine). That any of the materials I borrow (tack) has to be left in equal state or replaced under her discretion. And at the last minute I was advised I would be responsible for the cost of worming and "hopefully" no other costs would come up. I know it isn't much, but it was after I had verbally agreed.

Is this normal? I appreciate any information.
     
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    04-27-2009, 09:07 PM
  #2
Foal
I don't know of any leases where the vet bills are your responsibility totally unless he is kept completely in your possession, she should have insurance on her horse if she is going to lease him out. I have insurance on my horse reguardless. I could MAYBE see vet bills caused by neglect but things happen beyond our control. I don't know if she is charging you at all for the lease but worming isn't too bad. As far as tack, that's pretty normal ( I have had plenty of boots lost and bridles broken in his schooling lessons and it has cost me a fortune to replace it all), I would invest in your own if she has really expensive stuff. You can get a really cheap schooling english bridle for like $20, that is what I did for the girls that ride my horse. Just make sure that the leasing agreement costs are set in stone and everything is in the contract.
     
    05-04-2009, 09:43 PM
  #3
Weanling
Are you taking the horse of the property? Is it a free lease, or are you paying monthly? I have leased a number of horses and never had to pay vet. It was in the contract that if something occured out of neglect then I would pay for it, but not pay out right. If you are taking the horse off property then it becomes your responsibility fully. And the "That any of the materials I borrow (tack) has to be left in equal state or replaced under her discretion." part has me worried, what if she doesnt notice a scratch or 'ignores' one that she did and then all of a sudden, bam you owe her a saddle.... I would keep looking. Maybe look into part boarding, its cheaper. Any other questions, feel free to PM me
     
    05-05-2009, 02:57 PM
  #4
Foal
Sounds fishy. Be careful. I would look elsewhere.
     
    05-05-2009, 03:00 PM
  #5
Trained
I've never had to pay vet. Some leases will ask you to pay for the insurance though which I do not think is very unreasonable.

I agree that it sounds fishy.
     
    05-05-2009, 06:39 PM
  #6
Green Broke
I'm leasing a horse right now because I can not afford one of my own. I do not have to pay for vet, farrier, or any other expensise. However I'm not sure how that would differ if you took the horse to your property or another barn. But I would definitely. Look into this more with this person because it seems to me that he/she is making up more as you go along with this. Just be careful.


I wish you the best of luck though!!

Keep us posted on what happens
     

Tags
agreement, horse, leasing, liability

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