Asking for a lease agreement?
 
 

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Asking for a lease agreement?

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  • What to include in an equine lease agreement
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    11-16-2012, 01:35 PM
  #1
Foal
Asking for a lease agreement?

I just starting working with a young mare at a boarding facility and I have4 fallen in love with her. Technically, she is for sale...and I am starting to worry about her being sold out from under me. Initially when I spoke with her owners I told them I was looking for a lease. The mare is a little green so I am continuing her training and keeping her conditioned. She's sat in the barn for about three months and has been getting attention as her primary owner has other horses to ride, and this mare is the lesser of the broke horses and smallest in size. I agreed to cover vet / farrier bills and offer $200 a month to cover additional costs. However, I would ultimately like at least a year lease agreement written. I am putting lots of time and money into this mare and have fallen in love with her... I would be absolutely devastated if she was sold out from under me. I understand the owners wanted to make money off of her (not sure how motivated of sellers they are, exactly) but I am hoping that I can encourage them to write me a lease at 200 a month for a least a year, as I will be training her, showing her next year, etc.
I am not sure how to approach her owners about this... Any advice on what to do? This is something that is really bothering me.
Thanks everyone!
Em
     
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    11-16-2012, 01:38 PM
  #2
Showing
Even with a lease, if the horse is for sale she can be sold out from under you. Those are always written into lease contracts when the horse is for sale.

What you're effectively trying to do is stop them from selling the horse and you can't do that, as the owner wants to SELL the horse, not continually lease it.

If a buyer should come along, the owner has every right to sell the horse. If you're so enamored of the mare, why don't you offer a lease to buy option?

As far as putting your own time and money into the animal right now without a training/lease contract, that's not really a good idea.
     
    11-16-2012, 01:39 PM
  #3
Green Broke
Well, you really just need to speak up. You need to tell the owner that you are enjoying your time working with her and would like to sign an official 12 month lease agreement - and ask if they would be intested in such an arrangement.
     
    11-16-2012, 01:40 PM
  #4
Green Broke
If you are concerned about her still being sold, as SR pointed out is a risk, you can request that that be part of the agreement - they can either agree or disagree.
     
    11-16-2012, 01:59 PM
  #5
Foal
Thanks for the input everyone - I will try to talk to her owner and see what they say.
I cannot afford to "own" a horse... I'm a college student, so lease to own doesn't work well for me. The only fortunate thing about the situation is that the owner of the mare are also the owners of the boarding facility, so it's not like they are paying the hefty board fees.

Thanks for the advice. Wish me luck!
     
    11-16-2012, 02:00 PM
  #6
Showing
Oh, gotcha. Good luck! Hope they're willing to let you lease her.
     
    11-16-2012, 08:26 PM
  #7
Green Broke
If you're able/willing to agree to continue with your current arrangement and would be able to buy her after you graduate, they might be willing to take her off the market and just lease her to you with an option to buy, especially if you only have a couple of years or less until then.

Under normal circumstances, I wouldn't expect someone to be willing to take a horse off the market like that, but since the owner is not paying board for that horse per se, it makes it a little more economically feasible to do so. If you have a strong rapport with her, it seems like something she might be willing to consider.
     
    11-16-2012, 08:40 PM
  #8
Super Moderator
In cases where you are working with and training/conditioning a horse but not being paid for it, the owner MIGHT value your efforts , but they might not , as much you think they should. You might have to look at your efforts and your contribution to her development as more somethign you are doing to develop YOURSELF as a horsewoman. Bringing your own skills along.

Hope it works out for you. Trainers have to learn, somewhere along the line, not to allow themselves to fall in love with horses they do not own.
     

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