Join Date: Oct 2009
Location: Just south of sanity
Usually on a half lease, the owner and lessee split the routine vet bills and shoeing, along with board and feed costs. They also share the horse with specific days being set for each party to ride, feed, and care for the animal.
One way to deal with major vet bills is to carry mortality and major medical insurance on the horse. You can also ask that the lessee pay half the premium. This way, if something happens the horse will get the care he requires, and out of pocket expenses will be minimized for both parties.
On a full lease the lessee usually takes care of everything financially, unless it requires major medical expenses and/or euthanasia. Those options are generally left up to the owner. On a full lease the owner does not interact with the horse at all unless it's necessary.
IF you decide to half or even full lease your horse, make sure you have a contract that spells out everything in minute detail. Handshakes or thinking everything will be peachy with just a verbal agreement usually turn out badly for everyone concerned.