Thinking about leasing... :)
 
 

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Thinking about leasing... :)

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        03-07-2010, 06:17 PM
      #1
    Foal
    Question Thinking about leasing... :)

    Well, I have recently started riding yet my friend that has been riding for 10 years tells me that I have improved drastically, and thinks I should start leasing. She says I should lease her horse. He is perfect size, and we both, the horse and I like each other very much. She said he performs for me very well , and he rides good for me. But, I am not sure what leasing involves. She gives me little lessons on him on sundays. ( I ride a different horse for lessons ) I want to know what advantages leasing will give me, and what I have to pay for. She is 6 years older then me and a family friend, so I do not believe we will need a big contract, and all of that kind of thing. But she said I will learn a lot from leasing. How is this true? What are my responsibilities with leasing? It would be a "shared" leasing. So, long question short, what do I do while leasing, what are my responsibilities? :)

    Any answers will be appreciated :) but of course subjected on my questions.

    Thankss,
    Ponycrazy
         
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        03-07-2010, 07:00 PM
      #2
    Yearling
    Your responsibilities would really just be whatever the 2 of you agree on.
         
        03-07-2010, 08:10 PM
      #3
    Foal
    Thanks, I know but does any one have any advice on leasing? Like, the amount of responsibility needed, and how much money. And things you should know before you even think about leasing. I just want advice to know if leasing is the right choice for me, so can people just share their leasing experiences, so I know what im getting into, and tell me the advantages of leasing.

    Thanks,
    Ponycrazy
         
        03-07-2010, 08:40 PM
      #4
    Banned
    First of all, I would get a contract. Even if she is a family friend, business is business, and a real friend won't take offense to wanting to cover everyone's backs in case of an accident or misshappen.

    The amount of responsiblity depends on the kind of lease. If it is a half lease, you and her will be responsible for the horse 50/50. If it is a full lease, you will be responsible for the general well being of the horse, with all major decisions (like being put down, major surgery) ultimately up to the owner.

    At my barn, a full lease is 250 dollars a month, with the leasee paying half of whatever vet bills the horse incurs (usually just routine checks and vaccinations) and unless the horse is shod, the farrier bill is paid for by the BO.

    You should know the same things you would need to know to actually own a horse, the basics of first aid, how to groom, tack up, and ride a horse.
         
        03-07-2010, 10:04 PM
      #5
    Foal
    Okay, thanks so much 'justsambam08' ! And I think it will be a half lease, and thanks for the advice about the contract, what you said is true, I will definatley use that information as I think about leasing. :)

    Thankss,
    Ponycrazy
         
        03-07-2010, 10:51 PM
      #6
    Weanling
    I second the recommendation to get a good contract in place between the two of you. You wouldn't want to risk your friendship over differing expectations. If you have everything spelled out, especially an exit clause - what happens when she wants the lease over, what happens when you want it over, what happens if the horse becomes lame and can no longer be ridden, etc - then you are less likely to end up with hurt feelings or one of you feeling taken advantage of.

    I've never leased, so I can't help you with the particulars.

    Good luck.
         
        03-07-2010, 10:55 PM
      #7
    Foal
    Okay, thanks 'AlmostThere' ! I definatley agree, it's not worth risking our friendship :)

    Thanks,
    Ponycrazy
         

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