Well, I'm interested in leasing a horse. I've only ever owned horses, so I have no clue how to look for a lease, or what to look for IN a lease.
What does a good lease contract consist of?
What should I be prepared for in a lease?
Any advice or information will be greatly appreciated!!
Posted via Mobile Device
I just got done making my lease contract about 4 weeks ago and I'm currently leasing my horse so I have an idea. But I do have to say the lease details are in the contract and the contract isn't always the same. Some let you trailer out, some prefer you stay at the residing barn, some let you ride 2 days a week, some let you ride 4 days a week.
A good leasing contract covers EVERY detail so there is no confusing and no trickery.. everything is literally in black and white. It should have a clause claiming that the horse in question belongs to the lessor (the person leasing the horse out) and the lessee (the person interested in leasing the horse) is allowed to do x, y and z with the horse.
There are also different kinds of lease. There's partial, free, and half-lease (that I know of, there might be more!) Partial lease usually you don't have to pay any bills unless of course YOU cause damage to anything, including the horse.. but the riding time is limited.. only 1-2 or so days per week. Free lease is where people just want you to come and ride their horse and you don't pay a thing.. problem with this (at least in my area) are these horses aren't trained enough and so they are big ol projects.. but it's free! Right? :P
The last is half leasing where you ride MORE a week (maybe up to 5 days) but you pay HALF OF EVERYTHING (unless otherwise stated in the contract.) This means vet bills/shots, farrier, purchases, saddle evals.. everything relating to the horse.. (unless stated.) Half lease is a great option if you're looking to buy and you're not sure how a horse will affect your financial life.
My advice... go over the leasing contract (they should have one.. or they should make it asap!) Find out if they have horse insurance and if a lessee is covered.. find out the specific details.. MAKE SURE THE HORSE IS THEIRS! :P Also make sure the horse is as trained as it is said to be.. and bring someone really knowledgeable along with you when you go to test this horse out.
Best of luck and have fun!!