A Question About Leasing... (help!)
 
 

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A Question About Leasing... (help!)

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  • Do i pay the vet a farrier bills if pay full board for my horse.

 
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    03-30-2009, 10:40 PM
  #1
Foal
Arrow A Question About Leasing... (help!)

Okay, here's the deal...

I have an Arab that I do not want. I want a nice QH, or ANYTHING more level headed that this guy. (I love him to death, I just haven't been having fun anymore!) The problem is that technically, he belongs to both my mother and I. I'm a college student and cannot afford a horse on my own. So we compromised and decided it would be best to lease him out.

He'll be 8 in may. Here's a video link:

Now, technically it's supposed to be a "free lease". But what all does a "free lease" entail? Do they pay for his vet bills, farrier bills, board, etc? If I charged a monthly fee and let him go off farm, would I pay for anything? Are the leasers responsible for all of his medical care? Would I still have say in whether or not he gets certain medical treatments?

And last but not lease. Does anyone have any advice on how to convince my mother to SELL him? She is too "terribly attached to him to let him go."


ANY advice would help! Thank!
     
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    03-30-2009, 10:53 PM
  #2
Green Broke
There are a million different types of leases and lease options. Most full leases require the person leasing to pay for all expenses: board, vet, farrier, etc but can depend on whatever the 2 parties agree upon. "Free lease" means that they don't have to pay a special lease fee on top of all other fees. So if you charged a monthly fee for the horse to leave your property, it would no longer be a free lease.

Maybe your mother needs to be 'weaned' off of him? Would leasing him out help her to let go a little bit? Or can you afford another horse she can fall in love with and realize is a better match then the one you have now?
     
    03-31-2009, 11:35 AM
  #3
Trained
I don't know anything about leasing... but for your mom maybe you could do the "he would be much happy with somebody else who can deal with his special quirks" card? I don't know your situation but you said you aren't having fun & you want something more level headed? Does your mom ride him at all? You might want to see if you can find someone who might want to buy after leasing, then your mom can get used the idea of him being gone and going to someone who already cares about him... *babbling* sorry
     
    03-31-2009, 09:02 PM
  #4
Foal
A free lease is basically as if you've sold the horse. The person leasing pays everything, from board to vet bills to lessons... but you still own the horse. Both would sign a contract as to the terms and anything extra. So you would have the final say in pretty much anything to do with your horse.

A paid lease (full) would be the same thing as a free lease (the person leasing pays everything) but they also pay you a monthly fee for the horse.

A half lease is usually where each person gets 3 days with the horse (usually a lesson and 2 free rides or 2 lessons and 1 free ride). In this case the total cost of keeping the horse per month would be split evenly by the two people leasing.

As for convincing your mom, I've never really had to do that but maybe just explain to her that you'd really like to advance in your riding and have fun again but that's not something you can do with this particular horse. Chances are he'll be perfect for someone else and both you and he will be happier in the situation.

Hope this helped.
     
    04-01-2009, 09:26 AM
  #5
Foal
Thumbs up

Thank you guys so much! This really helped me understand the leasing process a lot more.

I am also in the process of looking to lease or a buy a new horse now. I just have to wait for someone interested in my guy. So much going on!
     
    04-04-2009, 04:55 PM
  #6
Green Broke
Even though mostly ok your questions got answered... I'm leasing a horse right now.

My reccokendation for you would be:

If the horse is going to a different barn; make the leasee pay for the vet farrier and all the other expences as well as a monthy fee anywhere from 100.00 to 250.00. I say that because if your going to be sending your horse somewhere else... If he/she gets sick or hurt it is NOT your fault. So they should be responsible for that.

But if the horse is being leased out but still at your barn; just charge a monthly fee of around 100-250.

Baised on the looks of that horse you shouldn't have to much of a problem finding someone who would want to lease or sell him.


I don't know if I made anything more clear or not but I hope everything works out in yours and your mothers favor!!
     
    04-04-2009, 04:58 PM
  #7
Green Broke
And I'm very sorry about All the spelling errors. I'm replying to this post from my iPod and it's so hard to type.
     

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advice, arabian, dressage, lease

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