Hello Again :)
So, I have been thinking hard - and I'm going to consider leasing out Diamond, my little 14hh pony. She's too small for me, but wants a job so badly. She has so much potential to be the most beautiful Hunter for a smaller girl that will fit her better. It's going to be hard having her stall empty, but with hay as high as it is, her getting a good workout, and having just a little more income, it sounds like too much of a win.
The thing is, I have never done this before. I've never leased a horse, never leased out a horse, never even had a friend who leased! So ... I am quite uneducated in the topic.
** First of all, how in the world do you go about writing a contract of lease? What do you make sure to include? How do you format it?
** Also, what kind of requirements can I offer? I was thinking off site lease (parent's descision - they don't want people coming into our barn at any given time), and the choice to borrow her tack, which would be a bridle, bit, sadde pad, standing martingale, and girth. I can't offer a saddle. More on this in the next paragraph.
** So, about lending the tack - something I should put in the contract, right? I was thinking of saying something along the lines of, 'you can use it to your liking as long as you lease Diamond, but if you break it, you buy a replacement. Not me. Once the lease is over, we get the tack back too.' Is this alright, or something to hold back on?
** About how much could I ask per month in this economy? (In KY by the way.) She is fairly green. I'm thinking about $200 a month. She is broke to ride, goes in all gates, jumps well, has show experiance. Of course, that little blurb isn't my whole advertisement, but you get the jist ;) I can provide video if needed.
Thank You all so much in advance :)