Thoughts on half leasing?
 
 

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Thoughts on half leasing?

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  • Thoughts on horse leasing

 
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    06-26-2013, 12:30 AM
  #1
Started
Thoughts on half leasing?

I am thinking about half leasing Casey out. And as much as the possibility scares me, possibly selling her. Which I really hope it won't come down to, but I know I will be too busy for both Candy and Casey in a few years and will have to choose between them, and really that is a choice between having a horse (Casey) for pleasure, or breaking my heart and continuing my life long dream of working my way up in eventing (or whatever Candy and I end up doing). I know I have the right horse for the latter, Candy is frankly amazing, she has some raw talent in her.

I have had Casey for four years, she was my first horse. Recently, I feel like we have not been getting along as well under saddle, my thing really. Riding is not everything with horses, obviously, but Casey deserves someone who can ride her regularly (not just once a week!) exploring trails and beaches, not someone who can only ride her once a week in a small area in a pasture and who gets frustrated. I think my not getting along with her as well is a part of some personal issues that would be inappropriate to discuss on a public forum, and I think Casey is just feeding off of everything and is a little confused, and with my muddled mind we are clashing. With Candy and myself having extra lessons, paying to use an arena, her shoes, limited pasture with two horses, and show/trailering fees, I am tight on money as well.

So, what are your thoughts on half leasing? Full leasing? I have been looking at contracts online, do any of you know of any good ones? I am willing to pay a little bit as long as the contract is worth it! Any recommendations on pricing a half lease for riding 4 days a week on a trail broke, non spooky, 15 year old Pintabian mare, 13.2 hands, needs someone who can handle a little testing, and I would pay and be there for all feedings, vet care, and barefoot trimming (if they rode her on rocks they would have to pay for shoes)? She would stay at my house. I wouldn't want someone else in charge of her food, hooves, shots, etc., because I want to make sure she gets the best care and I would freak out if they started feeding just a little bit of sweet feed, not having her teeth checked and floated if needed every year, etc... Thanks!
     
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    06-26-2013, 06:23 PM
  #2
Started
Anyone?
     
    06-26-2013, 06:38 PM
  #3
Weanling
While half leasing a second horse is certainly a good idea when you need to give the horse more work and cut down on expenses, if you are keeping the horse at home, you will need some kind of extra insurance for equine activities, and then it may no longer be worth it monetarily to lease the horse out, depending on the cost of the insurance and the price of the lease.

Price of the lease is going to depend largely on similar leases in your area, it will vary widely by area, since the costs of feed, land, board etc, vary so much by area. Look on your local craigslist for similar leases or if your local tack/feed store has a bulletin board, you could check there.
     
    06-27-2013, 11:20 AM
  #4
Started
Check your local market to see what prices are out there. It will depend on the horses's ability/level of training, the facility ammenities, the level & type of riding to be done, etc.

Responding to a Craigslist ad, I paid $100/month to lease a young trail horse for 3 rides a week at a safe-but-no-frills facility with access to trails. I signed a simple 1 page contract stating I would not hold the owner of the horse nor anyone at the facility liable if I was injured, and I agreed to pay the stated value of the horse if he was injured/killed while I was working him. He remained at the owner's boarding facility and owner was responsible for board, vet & farrier. Everything else was verbal - where I could ride, when I could ride, what tack to use if my own didn't fit, etc. She watched me ride a few times, then the lease evolved verbally the next few months as far as what/when/where. We communicated regularly through text or phone calls - she'd let me know how he was when she rode, I'd share my thoughts when I rode, and sometimes I'd help with her other horses. It was a win-win situation for me and the owner, until I got my own horse.

Other Craigslist ads in my area (Dallas area of Texas) typically range from free leases for people wanting their grade pasture mares tuned up, $200/month for 3 weekday morning rides on horses used in lesson programs, to $800/month for full lease of high end show horses while their owners go off to college or maternity leave. Some leases include lessons, some leases include tack, most leases are on-site but some will allow you to relocate the horse to an approved facility.

On the other hand, when I went to college many years ago, I leased out my show horse to a known, capable rider. While they were at a show, my horse somehow hit her head and blinded herself in one eye. There was nothing either of us could do to fix the situation physically or monetarily, so once the lease ended I was stuck trying to sell a half-blind show horse.
     
    06-27-2013, 02:29 PM
  #5
Foal
Leasing wouldn't be a bad idea if you find the right person and have a very good contract.

I have leased out a few horses here and there over the years, and most of the situations didn't really work out very well, so it's probably not something I would pursue again in the future. I just did free leases, where there was no lease fee but they covered board and farrier. I covered everything else, vaccinations, deworming, feed, regular vet stuff, etc. In my case I had horses that I didn't have time to ride for a summer or winter here and there so I was just wanting someone to use them so they wasn't just sitting in the pasture.

In my area it's primarily just free leases unless you are leasing directly from a lesson barn or leasing a made show horse, you'd have to check around your area to see what is offered and typical around there though. I wouldn't count on getting a large lease fee, if it were me I would make it a bit lower or just do a free lease, but be REALLY picky about who I chose to lease to. Because all the people interested may not always a good match. You have to think about things like that, it might end up being a rider who has a totally different riding style than what the horse is used to, they may use different training methods you don't agree with. Their experience level might end up being nowhere near what they say it is. They may be rough with the horse, or be a total doormat, letting your horse walk all over them and develop bad habits and become spoiled, or personalities may just not mesh well. And a lot of this won't show up until a month or two down the line sometimes. I always have a clause in there that lets me terminate the contract immediately with no notice. It's my horse and I feel like I should have the right to make the final call on if things are working or not. I've never had to use it fortunately, but sh*t happens and it's a handy thing to have in there when things just aren't working out. Because if someone is being rough with your horse while riding, and you give 30 days notice to end the lease, you're going to have another 30 days of rough handling you'll have to fix later.

Depending on where you have your horses, some people like to put stipulations into the lease contract that dictate where the horse will be boarded during the lease, and some also include that the person leasing must be in a regular lesson program or take X lessons a month with a coach approved by the horse's owner. This is all to keep a closer eye and handle on things, so Joe Blow leasing your horse say who's used to living in a stall with turnout, doesn't take him home, throw him in with his herd of cattle, feed him just straw, and run his legs off every day. It's all kept under a stricter and more controlled setting. Some leases will let the horse be trailered off site, some won't. If the person leasing wants to move the horse somewhere else, you better be checking out the place beforehand to make sure they are suitable for horses, and making regular check ups on the horse as well. Even though the horse won't be in your direct care, it's your responsibility as the owner to check up on him and make sure everything is fine over the course of the lease. For me it was just easier to require my horses stay at the current facility.

If you keep your horses at home it will definitely be easier to keep an eye on things and how it's going, not so easy if you're boarding somewhere else. The hardest thing will be finding that perfect person though. It's one thing if a horse is a dead broke horse that literally anyone can ride, it's the other horses who are great but might test the rider or have some quirks, those are the one it will be a little trickier with.

I didn't mean for this to be so negative, there are just a lot of things that someone who hasn't leased before might not think of or take into consideration beforehand. I know I sure have a MUCH different perspective on leases than I did before! They CAN definitely work out great, don't get me wrong, it just takes a bit of work for all parties involved.
     
    06-30-2013, 12:01 AM
  #6
Started
Thanks guys! Next week I am going away for 3 weeks, with both horses on a horsey trip as a student, but I may start looking into leasing things as I will soon be very busy with school.... yuck!
     

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