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Long term, off the farm lease.

This is a discussion on Long term, off the farm lease. within the Horse Law forums, part of the Horse Resources category

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        11-21-2013, 02:49 PM
      #21
    Green Broke
    I have never heard of an "off the farm lease" where someone paid above the price of care. For a horse of any quality.
         
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        11-21-2013, 02:51 PM
      #22
    Started
    I've heard of it, but I've never actually seen it happen. If your horse is that in demand and someone is willing to pay it in addition to all care, then I don't see anything wrong with it.
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        11-21-2013, 07:14 PM
      #23
    Green Broke
    ^^ Your point is valid. I will see the horse every two months or so at competitions, and I've applied to college at Auburn. Best case scenario... I'm an hour away by the fall. Worst case, I'm around 3 hours away. Again, it's a valid concern, but I think I like the combination of my horse/this rider. I want the lessee to rack up some fame for my horse during this lease period -- miles, championships, points. This may be my best shot at having my cake (leasing out a horse) and eating it too (having that horse continue to do well competitively.)

    It isn't totally ideal, and I haven't committed to anything in writing yet, so I could yank this lease at any time if the cons (out of state horse) start outweighing the pros (darn good rider competing the horse).

    I'm leaning towards not charging anything extra monthly though. Just because that sounds like a pain to collect and deal with. Late payments, keeping dates, records...
         
        11-21-2013, 07:33 PM
      #24
    Started
    There's no reason why you would have to charge extra per month. I don't even know of anyone that has personally been a part of that sort of arrangement. It sounds like having the horse in work and competing at a higher level is worth it to you, and that's perfectly acceptable!

    If you're a big fan of this horse/rider combo, AND you're comfortable with where he will be and who will be caring for him, then go for it! I just personally wouldn't do it at such a distance. It'll be good if you're able to see the horse regularly, but I'd still strongly advise that you get regular photo updates just to keep your piece of mind!
         
        11-21-2013, 07:43 PM
      #25
    Green Broke
    I will definitely require photos, and I have "spies" (friends of mine who are friends of the lessee's) to help me keep an eye on her. They work closely with a trainer that several of my other friends also use, so my horse be seen during group lessons and trail rides.

    I also may pop over for a visit if I'm heading that way.

    I've seen these people's horses. They all look great and well cared for. I've heard nothing but good reviews from all the "stalking" I've done.

    And I keep telling myself I can always always yank the contact at any time.
         

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