Leasing Q
   

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Leasing Q

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        12-12-2007, 02:12 PM
      #1
    Foal
    Leasing Q

    I recently met a lady who is interested in getting back into riding. In speaking with her I learned that she's taking a few lessons a week but really wants a horse to practice with a few (maybe 3) times a week. (Her ideal situation would be to lease a horse in hopes of buying when she is able to afford it) While my horse is not for sale, I offered her the opportunity to come out and try him to see if she would be interested in some sort of half-lease. I haven't had any experience with leasing so I was wondering if anyone could give me some advice? I.e. How much should I charge; what should I make clear from the beginning; etc. I'm paying $350 for board and (like I said) she'll ride him 2-3 times a week.

    Thanks
         
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        12-12-2007, 07:43 PM
      #2
    Showing
    I found a couple of useful sites you can check out. One of them has legal forms for sale
    http://www.equinelegalsolutions.com/index.html

    Here is a PDF lease form
    http://www.bayequest.com/pdf/lease-agreement3.pdf

    Here is just good info
    http://www.equusite.com/articles/bas...sLeasing.shtml

    Hope they help you out.
         
        12-22-2007, 10:11 PM
      #3
    Foal
    When I've leased horses in the past, I've paid 1/2 of the boarding costs, so I'd charge her $175 in your case.
         
        12-27-2007, 02:53 PM
      #4
    Yearling
    Definitely get a clear cut contract typed out too... so there are no misunderstandings.
         
        01-08-2008, 07:10 PM
      #5
    Yearling
    You want to make a clear cut contract - you can get templates off the web, or just outline your own if you are good with that sort of thing.

    I agree for a half lease (2-4 days a week depending on your preference), she should pay at least half of your boarding cost. You might be able to charge a little over half because you cover all vet and farrier.

    You want to make sure to include liability for injury to horse or human info in your contract, whether or not she can be taken off prpperty for events? Be very explicit. Try to address any possible questions and leave little wiggle room.

    Likely you will have no problems, but if you get the wrong peson leasing and a problem arises, you want to contract to answer the questions.

    What if the horse is injured while she is riding?
    What if the horse is injured accidentally when no one is ridintg and she is unable to ride for 3 weeks?
    What if your schedule conflicts with hers? (set up a schedule in contract)
    Can she take lessons on your horse?
    Can she use tack other than what you generally use?
    If she is required to pay vet/farrier for some reason, must it be yours? Is there a vet/farrier you do not want to be used?
    What if she is late on a payment? Can she keep riding until she finally pays?
    Is the lease month to month? Six month contract?

    I lease two hopefully soon three of my horses. They all stay on my property, and my contract gives my a lot of control of the situation, but it is pretty simple and leaves it open so that I can be flexible with the person leasing if it works for me. I tried to be fair to them while not resticting myself. My horses live with me and they come out to ride. One lease allows her to come out whenever she wants as long as I am home (she is under 18). The other can only come out on tuesdays and saturdays between designated hours. Both are allowed to show the horses, but it needs to be approved and fairly coordinated by me ahead of time (parially because I am their transportation and they are kids). When our pregnant mare begin getting moody for her rider, I was also able to transfer her to another horse because she did not have the experience to deal with the mare.

    You may run into more conficting issues because your horses sounds like your main riding horse (I don't lease out my stallion who is my main riding horse - I only lease out the lesson horses). You also may run into other issues because you are dealing with an adult rather than a kid. It is more natural for me to be very restricting with my leases because they are kids...this might cause issues with an adult?
         

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