Leasing Information Please!
   

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Leasing Information Please!

This is a discussion on Leasing Information Please! within the Horse Riding forums, part of the Riding Horses category
  • Part lease horse etiquette
  • Etiquette for horse leasing

 
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    02-25-2010, 05:24 PM
  #1
Weanling
Smile Leasing Information Please!

I'm considering a lease this summer, but need some advice and experienced knowledge about it because I haven't done it before. I know some people who have given some advice...but I'd like to also hear it from you guys--you don't know me or(probably) any of the people I'd lease from so you have a nice objective view point =)

Some of my questions:

1. What is a reasonable price for an on-farm lease/half lease?

2. What is basic lease etiquette? I don't want to accidentally breach some unwritten rule

3. When someone asks what "level" rider you are, is there some specific criteria for beginner, intermediate, and experienced that I'm unaware of or is it pretty subjective?? I never know what to say...so I always end up writing them a novel about what I have and haven't done.

4. Anything else I should look out for/be aware of? I know I should read the agreement carefully, and be very clear about what is expected from me and what I'm responsible to pay for...anything else?

I'm still unsure about leasing because I DO have horses I can ride for free, but I think it will be good for me to have that experience with a horse that will challenge me and one that I can go ride at times when the others aren't available or what-not. Variety is good. Anyway....just hoping there are some wise thoughts out there!!
     
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    02-26-2010, 11:35 PM
  #2
Foal
1. I'd say $50-100 depends on what benefits you get, do you have to pay for vet, farrier, etc. Is there a riding arena, trails..etc. How much you can do with the horse jump, take it to shows..etc.

2. Just go over with the owner what you can and can't do since everyone is different.

3. Telling them the novel, is not a bad thing, it lets the owner know more about you and if you are right for the horse.

4. Just make sure you get along with the owner, cause you don't want to have a bad experiance leasing a horse like I did which ended up in tears every night.
     
    02-27-2010, 12:05 AM
  #3
Showing
1. What is a reasonable price for an on-farm lease/half lease?
Leases are a completely individual basis. Everyone will have different ideas on lease prices. A lot of it will depend on the caliber of horse - a top-notch schoolhorse will command $1000+/month lease fee, and on top of that you have to take care of the horse's care. Some horses are literally free leases, like what I have set up with my lessee, which I'll explain in a moment.

Basic guidelines:
Part lease: You pay for the care on the days that you ride the horse. For example, if the horse's board is $350/month, that's $11.67/day. If you ride 3 days a week, you pay $35.01/week, or roughly $140/month. Then you negotiate farrier and vet care on top of that - usually with a part lease, the horse's owner will take care of those.
For a full lease, some horse owners will ask for a bit of money each month, and then you pay for 100% of the horse's care on top of that.
What I have with my lessee is a free lease. I pay for Denny's basic care, and if she wants to buy anything above and beyond that, she is welcome to; for example, I will pay up to $350/month in board fees. She opted to keep Denny in a stall, and so pays for anything above and beyond $350/month. The one thing I do have her pay for is insurance.
Clear as mud?



2. What is basic lease etiquette? I don't want to accidentally breach some unwritten rule.
I strongly recommend talking everything through with the potential lessor. I also strongly recommend carrying insurance on the horse for the lease period.

3. When someone asks what "level" rider you are, is there some specific criteria for beginner, intermediate, and experienced that I'm unaware of or is it pretty subjective?? I never know what to say...so I always end up writing them a novel about what I have and haven't done.
Will answer later.

4. Anything else I should look out for/be aware of? I know I should read the agreement carefully, and be very clear about what is expected from me and what I'm responsible to pay for...anything else?
Insurance, insurance, insurance. I can't say it enough. It will give you both peace of mind, and in case the horse does get hurt or sick during your lease, you (or the owner) would only have to pay the deductible (usually a few hundred dollars.) In the event of death, the insurance payout would be considered payment to the owner.
     
    02-27-2010, 02:48 PM
  #4
Weanling
Thank you guys, this actually clears it up a lot! JustDressage, love your explanation of "Basic Guidelines"...that's actually the clearest explanation I've heard. And I'm glad you mentioned insurance because that's something I may not have thought of. Sorry about the bad experience, BlueJay, at least you learned from it though! And, I'm glad the novel isn't a bad thing because it's what I keep doing! Haha
     
    02-27-2010, 07:06 PM
  #5
Showing
**oops, schoolhorse should be Show horse :P

I'm glad I could help. I had lots of questions when I was looking to lease Denny out, so the least I could do is pass on the favor!
I've had a fantastic leasing experience thus far. I was extremely nervous going into it, but Denny seems to really like Linda, and vice versa. It has worked REALLY well. I think the reason it has worked so well is that our training ideas are very similar; she won't push Denny any further than what he can give, and she's in it for the training journey, not the destination -- this is VERY important to me.
It also helped that Denny 'chose' Linda. When we first met, Denny had been on stall rest for a few days due to his feet being trimmed too short. We let him run around the arena, and afterwards he came up to me, nuzzled, then went over to Linda and put his head against her chest. It was really cool :)
The best thing you can do is talk to the owner lots. If you don't click, or have some major training discrepancies, I'd highly advise saying "thanks, but I don't think it's going to work for us" and move on. I think that's where a lot of lease problems stem from, is differences in ideas. I'm also a very laid back owner, so that might help as well haha
I strongly advise getting insurance. If the horse is in an accident or dies in your care, the last thing you want to have to worry about is "do I have to pay for the vet care and/or loss?" -- With insurance, you just have to negotiate who pays the deductible.
My best piece of advice is getting EVERYTHING in writing.
Do you want to sh
     
    02-28-2010, 07:13 PM
  #6
Weanling
Well, that does sound like a good leasing experience :)

I think it'd be fun to show at some point in my life, once I've taken the lessons and got myself to where I could do it. At this point in my life, I'm 21, just getting ready to graduate college, and I mostly just do trail riding. I am more interested in improving myself and becoming a more well-rounded rider, putting another experience under my belt and guaranteeing myself more riding time. Kind of like what you said about focusing on the journey rather than a destination. I don't care where I'm going as long as I'm in the saddle. I could care less about ribbons and such, so I think I could find a relatively reasonable lease....I'm still on the fence as to whether it's worth it or not. I have some great horses that I can ride but I guess I was looking to challenge myself with a new horse that has different goals than the ones I usually ride, if that makes sense.
     
    02-28-2010, 07:15 PM
  #7
Weanling
Oh boy I worded that very cryptically, I hope it makes sense. Hahah

Thank you again for the advice, though, now I just need to make my own mind up!!
     
    02-28-2010, 07:26 PM
  #8
Trained
Quote:
Originally Posted by Amlalriiee    
I'm considering a lease this summer, but need some advice and experienced knowledge about it because I haven't done it before. I know some people who have given some advice...but I'd like to also hear it from you guys--you don't know me or(probably) any of the people I'd lease from so you have a nice objective view point =)

Some of my questions:

1. What is a reasonable price for an on-farm lease/half lease?
For my area, half lease equals half the board price. Most times the owner and leaser split the shoeing costs.

Quote:
Originally Posted by Amlalriiee    
2. What is basic lease etiquette? I don't want to accidentally breach some unwritten rule?
Most owners are control freaks, so they will have no problem saying what they expect. Most will tell you if you can jump, how high, if you can take the horse trail riding or off property. I have yet to find anyone who isn't very specific where their horse is concerned.

Quote:
Originally Posted by Amlalriiee    
3. When someone asks what "level" rider you are, is there some specific criteria for beginner, intermediate, and experienced that I'm unaware of or is it pretty subjective?? I never know what to say...so I always end up writing them a novel about what I have and haven't done.
Very subjective, so rather than say beginner, intermediate, etc, tell the owner what type of riding you're doing...jumping 2'6", 2nd level dressage. Etc. Things the owner can relate to better.

Quote:
Originally Posted by Amlalriiee    
4. Anything else I should look out for/be aware of? I know I should read the agreement carefully, and be very clear about what is expected from me and what I'm responsible to pay for...anything else?
VET BILLS - Usually the owner covers vet expenses except for something that the leaser obviously caused. That can get tricky if the horse suddenly turns up lame. Nobody can really prove who did it, if anyone. My horse soon started showing signs of back soreness after I 1/2 leased him. Turned out the leaser's saddle didn't fit. It was an easy fix, but those things can get weird.

Quote:
Originally Posted by Amlalriiee    
I'm still unsure about leasing because I DO have horses I can ride for free, but I think it will be good for me to have that experience with a horse that will challenge me and one that I can go ride at times when the others aren't available or what-not. Variety is good. Anyway....just hoping there are some wise thoughts out there!!
     

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