Thinking about leasing out my mare
   

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Thinking about leasing out my mare

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  • Horses to ride for lease in white bear lake mn
  • Partial leases on horses in white bear lake mn

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  • 1 Post By Kelli

 
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    02-05-2013, 04:31 PM
  #1
Yearling
Thinking about leasing out my mare

I'm thinking about possibly leasing my mare out, but I have no idea where to start since I've never leased before. Winter is very slow in regards to income and even though board is low, I'd like her to help pay her rent.

She is a pasture horse and is easily caught. She doesn't require any shoes, just a basic trim. She goes western, walk/trot/canters and does trails, though she can be a little bit high when she's out on the trails by herself. She'll need a confident rider. Raina has had rearing issues in the past but I feel she is past them. I wouldn't consider the lease idea if she was dangerous.

Anyways, I'm on the fence and I'm testing the waters with this lease idea so nothing is concrete yet. I want to know as much as I can before making the decision. I'd like a half lease, someone to come and ride her 3 times a week (if that's what a half lease is! Lol) and could pay half the board. I would also like something in there about half the vet cost if she comes up lame or injured, if that's possible.

For those who have leased horses, or are leasing their horses out, how much is your lease? Is it just half board or do you pay (or ask for) more? How often do you ride? What are you responsibilities? What are the responsibilities for the other party?

Any information would help so I could make an educated decision.
     
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    02-05-2013, 06:42 PM
  #2
Yearling
Anyone?
     
    02-05-2013, 07:00 PM
  #3
Yearling
A half lease is usually 3 rides a week. Typically people will charge 1/2 of board although I know some people who charge a little bit more to cover farrier and vet fees. Whether you want the farrier and vet fees included in your half lease is up to you. A lot of people will simply make the leaser pay 1/2 of board + farrier and vet bills but it needs to be clearly explained, preferably in a written contract.

Like with most leases you will also want them to give you 30 days notice before ending the lease and also very clear definitions of ownership. It also wouldn't hurt to specifically outline that the horse is to remain on property and can not be removed under any circumstances. You basically want to cover your behind because from time to time you do hear about people leasing a horse and then somehow thinking they own it. Idiots yes, but you need to cover yourself legally just in case.

Edit:

Personally, I refuse to half lease a horse where I have to pay 1/2 of vet bills but that's just me. Mainly due to the fact that I don't know the underlying conditions and would rather not pay for something that I had absolutely 0 to contribute to the problem. :)
     
    02-05-2013, 07:54 PM
  #4
Yearling
Thanks for the reply. I can see your hesitation about leasing a horse that involves paying the vet bills. The reason I'm considering it is because she will be ridden by someone I don't know and I'm concerned about injury. I might leave that out though just in case she does sustain some sort of injury and the person on lease feels they can argue about treatment.
     
    02-05-2013, 08:42 PM
  #5
Yearling
You could be specific about what injuries would be covered. :)

Do you have insurance on your horse?
     
    02-05-2013, 10:09 PM
  #6
Yearling
No insurance on the pony. I'm paranoid about injury though so it'd be quite a step for me to trust her in a stranger's hands.
     
    02-05-2013, 11:13 PM
  #7
Weanling
Copperhead, my trainer had a contract written up for Monty. I technically half leased him with option to buy, but owners liked us together so much that I did often spend more than 3 days a week to ride. I also was required to take weekly lessons on the horse since I was a newer rider. So you could put something in there about that if you wanted to keep them learning. My lease was for $350+ 150-200 a month for lessons. Give or take a few lessons. She averaged the farriers cost and vet costs in a year and split them in half and then averaged them out per month. The horse was insured so any emergency costs like colic or something else were covered by the owner. The exception was if I took him for a ride and did something irresponsible with him, like jumping when not in a lesson or letting a friend ride or things like that and he got hurt. I would pay for that.

I was not to feed him or change his schedule in any way. If I wanted to drastically change his appearance, I had to get permission. I could put braids in and stuff, but I couldn't clip him or bob his tail or roach his mane.

I will look through my stuff and see what I can find that may help. The thing I liked was that it was VERY specific, every question was answered and there were no gray areas. They even wrote in that my kids could ride him and use him in lessons, but no more than 2 hours a day.
     
    02-06-2013, 01:24 PM
  #8
Yearling
Thanks for the input, Kelli. I didn't even think of "changing appearance". I'm not really concerned with is since she's just a trail horse right now and never leaves the farm. But it would be catastrophic if someone would clip her (she's a pasture horse) since I don't blanket.

I don't want kids on her since she will need an experienced rider. I've had other people on her (beginners) and I won't let them off the lunge line. I tend to be a bit paranoid about her safety and the safety of whoever is on her so if I do lease her out, she will need an experienced rider with no kids and no other rider besides me and the contracted rider.

Theres a lot coming to mind that I didn't think of before. I would like to know what everything was in the contract for Monty since it was so specific. I want her to stay as-is, just have another responsible rider. Not too keen on shows at the time but that might be something I could work out in a separate contract if and when the time comes for that. Right now, she's not ready for that.
     
    02-06-2013, 07:47 PM
  #9
Weanling
I wish I could copy and scan it in, but here is the important stuff. Terms of Lease: The Lessee (me) is responsible for 1/2 board, 1/2 routine vet care, 1/2 regular farrier services ($350). I was allowed to ride 6 days a week, but 1/2 leases are usually only 3 days a week. Monthly half lease and could be terminated at any time with a 30 day notice by either party. I also had first right of refusal to buy him ( basically they couldn't sell him without my knowledge and had to entertain my offer first). Subleasing horse was not permitted.

"Legal" description of the animal was included.

Our barn, Saddleback Equestrian, was the primary residence of the horse, but I did have permission to take him to shows, clinics, extra training, etc. I did need to notify head trainer if I wanted to do something and she had to approve it.

If the horse had any MINOR lameness issues or illness, I was solely responsible for paying for it. If he threw a shoe or had any farrier work outside of routine, I was responsible, barn would cover expenses and then bill me instead of owner.

They had a hold harmless section which basically said they were not responsible in any way if I got hurt while on their horse. I signed 2 contracts stating that, one with the owners and one with the barn.

Transportation: I was responsible for all hauling costs on this horse. Obviously if they took him somewhere, they would pay for it, but I had to be notified.

Feed and Facilities: Saddleback was completely responsible for his stall, turnout and feed. I was not to change any of it, and outside of a few treats, I was not allowed to feed him. This seems really important, especially if you rough board, who is feeding your horse and when? Obvious problems could arise is lessee fed on certain days and lessor on certain days. Would he get enough or too much food, colic...etc

Any MAJOR, life altering vet expenses were covered by owners. They made all major decisions. If he needed any thing directly related to show performance, like hock injections or something, they would also make the decision on that, not me.

I had to give the horse a minimum of 1 day off a week, I had to report any lameness or illness signs to head trainer immediately. No one else could ride horse without written consent from head trainer or owner.

He used to be a high performance sport horse, but had a pretty significant injury and he needed to be treated a certain way, so I had to agree to that as well.

They basically retired him from showing, she was at a pretty high level. But the family couldn't bear to part with him, so they kept him and got another jumper. I used him for dressage and learning the basics. Per vet orders he couldn't jump more than 2 feet or go beyond wtc. I hope this helps. Good luck!
Copperhead likes this.
     

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