"Off the farm" lease questions
 
 

       The Horse Forum > Keeping and Caring for Horses > Horse Talk

"Off the farm" lease questions

This is a discussion on "Off the farm" lease questions within the Horse Talk forums, part of the Keeping and Caring for Horses category
  • Who is responsible for what in an off farm lease
  • Do you have to pay vet bills up while doing an off the farm lease

 
LinkBack Thread Tools
    07-29-2012, 08:39 PM
  #1
Foal
"Off the farm" lease questions

Hi Everyone,

I've been reading through and getting some great info so I thought I'd join to ask this question. I rode for about 18 years and then haven't very much in the last 10 years. My daughter is now 8 and has started riding and I would love to get back into it with her. We have a working 8 acre farm with the possibility of acquiring another 6 acre field next door (we have chickens and sheep). I would love to add a horse to our pastures and build a ring so we could have an instructor come to the house and teach my daughter and I and possibly my husband as well (and maybe my son as he gets older). We're comfortable with the daily upkeep and expense of the animals but I am trying to figure out the best way to have a horse here for our use. We have a trail system around our house and I would love to have a horse for basic pleasure riding, trail riding etc. Nothing too competitive for now. I have seen some talk on sale sites about off the farm leases where horses can be boarded at the leassee's barn near their house etc. What I'm wondering is if it makes sense to try to find a situation where we offered free board to someone for their horse on our property in exchange for us leasing the horse for our own lessons and riding. Would this be an even exchange board for lease or should I be expecting something else? I assume we would take care of vet and farrier bills etc, is this accurate?

I'm just curious what your thoughts are on this kind of situation. I don't know a lot about purchasing a horse and I thought this might be a great way to make sure my daughter stays interested and learn what we are looking for in a horse without the upfront cost.

Thanks for any responses!
     
Sponsored Links
Advertisement
 
    07-29-2012, 08:56 PM
  #2
Showing
In short, yes there are people that lease their horse out in exchange for all the horse's needs being taken care of by the lessee - this is most commonly referred to as a "free lease." As with any lease, the terms would depend on your exact contract with the owner.
Some things to consider:
- Many "free lease" situations are free for a reason; the horse can't be leased out for money.. I.e. There may be a problem that needs to be sorted out. Not always, to be sure, but it's something to bear in mind.
- Your contract has to be in writing and it must be bulletproof. Even the nicest seeming people can turn tail if something doesn't go exactly right. Get EVERYTHING in writing, even if it seems silly or that you can trust the person.
- Make sure there is a clause for you to terminate the contract early, and get the penalty, if any, in writing. In return, make sure there is an 'out' for the owner as well - usually a 30 days' written notice is sufficient.
- Be clear on who pays for what; I.e. Who pays for: routine farrier work (and does the horse just need a trim, or shoes?); routine vet work (and what does this entail - yearly shots/coggins/teeth float); emergency veterinary care; regular worming; tack and equipment, etc etc etc... The big one is vet care. What if the horse injures itself on your fencing and needs emergency care as well as puts itself out of commission for a few months? What if it suffers a career-ending injury while in your care, whether it was directly related to something you did or not?
- Carry equine health insurance, with the owner as the beneficiary. This is HUGE. This will take a lot of strain off the lessor/lessee relationship. The owner must be the beneficiary from a mortality claim, of course, but it can help recoup costs of big vet bills. If the horse dies while in your care, then the owner is comped their insurance amount so you don't have to worry about ponying up for the horse's perceived value.

I am leery about leasing situations based off my last experience, but they can work out fantastic for both parties involved.
     
    07-29-2012, 08:56 PM
  #3
Trained
I think it could potentially be a great idea or a great headache.

If you try to lease a horse in exchange for board and be able to use it, PUT IT IN WRITING. Everything in writing. Who pays the vet, the farrier, for the food, the blankets, for property damage, etc. IN WRITING. Even if it's a friend or family. Include a clause about what happens if the owner stops responding.

You'd basically be looking for a beginner safe, child friendly horse.

Now, there's the other thing. When you say free board in exchange for lessons you have to consider things such as - who decides the horse's diet? Some horses have special needs. You could end up with a horse that needs 15 pounds of grain a day and supplements. WHat about the farrier, who will pay for that? Vet visits, regular and emergency? Insurance?

Since you're beginners all around, I think it's better for you to take lessons at a facility first. Make friends, develop a network. Make sure that the kids are really going to stay with it or if it's just for a couple of months. A good trainer will be invaluable for teaching you and your family the things you need to know and riding skills. A good trainer will also be able to help you find a horse and plan out your lessons.
     
    07-29-2012, 10:07 PM
  #4
Foal
Free lease

I'm currently doing a free lease. The owner had 3 horses and she was going to college and could only afford to bring one horse with her so she chose the one she thought would take her the farthest. It's a year lease and I'm responsible for ALL costs and I had to get insurance on her. In one year I have the option to buy her and I also had a 30 day period where I was allowed to send her back if it didn't work out. We have a signed contract and the owner is allowed to to take the horse back if and ONLY if she has evidence the horse is being abused or neglected. We have a good relationship and she's very happy her horse is getting more attention now. I text her the occasional picture and she has come by once to check on her and said she looked wonderful. I got lucky to have a wonderful friendly owner to deal with but I'm sure a lot of owners would be extremely petty and negative and want you to do everything EXACTLY how they did it so just be careful with that.
     

Quick Reply
Please help keep the Horse Forum enjoyable by reporting rude posts.
Message:
Options

Register Now

In order to be able to post messages on the The Horse Forum forums, you must first register.

Already have a Horse Forum account?
Members are allowed only one account per person at the Horse Forum, so if you've made an account here in the past you'll need to continue using that account. Please do not create a new account or you may lose access to the Horse Forum. If you need help recovering your existing account, please Contact Us. We'll be glad to help!

New to the Horse Forum?
Please choose a username you will be satisfied with using for the duration of your membership at the Horse Forum. We do not change members' usernames upon request because that would make it difficult for everyone to keep track of who is who on the forum. For that reason, please do not incorporate your horse's name into your username so that you are not stuck with a username related to a horse you may no longer have some day, or use any other username you may no longer identify with or care for in the future.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.


Old Thread Warning
This thread is more than 90 days old. When a thread is this old, it is often better to start a new thread rather than post to it. However, If you feel you have something of value to add to this particular thread, you can do so by checking the box below before submitting your post.

Thread Tools

Similar Threads
Thread Thread Starter Forum Replies Last Post
off farm lease questions! myhorseriesen Horse Talk 5 04-20-2012 08:21 PM



All times are GMT -4. The time now is 10:28 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.6.0