Best way to look for a lease
   

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Best way to look for a lease

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        12-16-2011, 09:20 AM
      #1
    Banned
    Best way to look for a lease

    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!!
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        12-16-2011, 09:38 AM
      #2
    Showing
    Quote:
    Originally Posted by OkieGal    
    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!!
         
        12-16-2011, 09:40 AM
      #3
    Weanling
    When I leased in the past, I did a 'free lease'. A free lease is where you are given the horse, and that's it. I had to buy my own tack, grooming supplies, pay for board and farrier. But it was just like having my own horse without the liability. I was able to ride whenever I wanted, take him to shows, etc. it was a great opportunity that I am glad I did!

    Right now I am half-leasing my horse with a 4-Her. We split the days, and split the costs. She gets use of all my tack, and I take care of all the stuff like farrier, vet, shots, etc.

    If you want- I could send you my lease contracts. Mainly I try to say they can't sue me if they fall off, and they will be held responsible for using common sense and safety around my horse.

    Places to look depends.. some barns offer leases, or you could even ask some trainers if they know anyone. That's how I got the word of my horse out. Craigslist is another place to look, but I recommend asking around first, you never know what you're getting in Craigslist.

    Things to look for/ask: who would be responsible for what. Would tack be included? Where would the horse stay? (If it's a free lease, look around at all the barns in your area) What training does the horse have? How long would the lease last?
    Make sure the horse is the right experience for you, if you are a new rider you want a calmer steady horse that you can learn on.
    If you plan on doing english, make sure it's an english horse, vice-versa for western. Have the owner ride first, and then ride once you see the horse is okay. I would recommend trying the horse out at least a couple times before making a commitment. Etc. Ask anything and everything!
         
        12-16-2011, 10:00 AM
      #4
    Banned
    OuttatheBlue, I'd love to see the contract.

    As for the type of lease, thanks for clearing that up, Skyseternalangel.
    I knew of half leasing, just not the specifics of a partial lease and free lease.
    I'd be interested in doing a free lease because it would be closest to horse ownership that I can handle.

    I already have a barn pick out. Granted it's a sub-par barn, its pretty much all there is in my town that isn't a private barn.
    Another question, should I provide the initial transport of the horse or should the lessor be responsible for that?
    I don't currently have a trailer but I do plan on getting one before I go any further on leasing or owning a horse.
    Also the hay situation here in Oklahoma is still iffy so I'm hesitant to look for free lease just yet. At least until hay prices drop.

    I like a half lease but it seems like it would be like having a roommate. Splitting the bills, what if one doesn't pay? What if they don't buy hay, feed?
    I understand if I find the right lessor, these problems wouldn't be so prevalent. I'm very picky and punctual about a horses needs. I think that would cause conflict with a lessor.

    I don't know. Still alot to think about.
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        12-16-2011, 10:05 AM
      #5
    Showing
    Well who transports the horse should be covered in the lease contract. If you are given permission to, then you can. But should anything happen to that horse, you are responsible for it. Also do you have experience trailer-ing?
         
        12-16-2011, 12:07 PM
      #6
    Banned
    No. I'm most certainly practicing before I put a horse in the trailer. Lol.
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        12-16-2011, 12:16 PM
      #7
    Showing
    Okay :P hahaha just making sure! I own a horse but no trailer.. so I have zero trailing experience. So I can't offer any help there.. bu good luck on finding a good horse to work with :)
         
        12-16-2011, 12:20 PM
      #8
    Trained
    In your case OKG, I would look for an ON PREMISE free lease, so the horse doesn't have to be transported. Since you've never owned a horse and never trailered, it's the only way I'd lease a horse to you. Not meaning to sound harsh, but I have a responsibility to my horse and to send him/her off with an inexperienced horse person isn't responsible, IMO.

    So, my contract would have that you were responsible for all care of the horse, under supervision, and that the horse was not allowed to be removed from the property unless I did it. You'd have free access to the horse, just as you would if you owned it, the only differences being, that I'd kind of hang around while you groomed, fed and tacked up to make sure you were not having difficulty or needing advice. If you wanted to go on a trail ride, I would haul the horse to and from and you'd pay for it. The good news is, if you got a truck & trailer, I'd load another of my horses and go along, using your equipment, and you wouldn't have to pay except whatever your own operating costs were. I wouldn't require that I ride in your group, not THAT inconsiderate but I'd be there in case of any issues. I'd go off on my own once you and your group headed out.

    Once you had improved your skills to my satisfaction, then the lease could be reworded so that you wouldn't have the restrictions. Does all that make sense?
         
        12-16-2011, 03:54 PM
      #9
    Banned
    That makes sense.

    I have owned horses before. Not to make your point entirely invalid. It IS a good point to make though, makes a heck of a lot of sense to me.
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        12-16-2011, 04:34 PM
      #10
    Foal
    I did a half lease. I paid 250 a month and got the horse three days a week of my choice. I did not cover food, tack, vet bills or anything else. That was all included in the 250. I used her tack. I leased a few of the horses that all had options to buy in case I wanted to buy. I had the horse at the owners barn. Just because it is a private barn does not mean they do not lease their horses out...I would google all of the neighboring barns and see what comes up in the surrounding cities and see if anyone is leasing.
         

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