One of my good friends is considering purchasing a horse to take lessons on and get more into the horse world. Being one of my friends, he's been around horses a lot and I've given him some simple lessons with tacking, trotting, right lead wrong lead cantering, proper grooming...and lots of direction. When he was younger he did horse camps but still his knowledge and skill level are still very beginner.
I suggested he lease a horse because it'll give him a sense of ownership. That way he can lease so he can make sure a horse is what he really wants. He apparently didn't even know this was an option and asked me to help him. I agreed with open arms. I suggested a care lease I think it's called? This is what I'm thinking about and I had one of these a while back when I was younger.
The horse is at a boarding barn the owner and lessee agree on.
The lessee is responsible for boarding costs including food and routine vet care such as shots, worming, and routine farrier care.
The owner and lessee have a contract stating terms and conditions some sometimes a possible lease to buy option.
The owner covers all major emergencies such as surgeries, brakes....emergency type stuff and whatever else they feel is emergency
What am I leaving out. He wants to board a horse close to him and the closest will probably be at the barn I board at. They cover the cost of food in board and minor farrier work such as trims and filing are included. Shoes are not.
I'm going to go with him to meet horses and I will be the one looking over the contracts, looking at conformation, watching for soundness issues, and testing the jumpiness of the horse.
What do you include in a contract like that or what would you suggest we look for in that sort of leasing deal?
Also since he is still basically a beginner what should be watch out for as red flags when looking at a horse for him to lease.