What is a free lease?
   

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What is a free lease?

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  • What is free lease for horses
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    06-01-2009, 06:28 PM
  #1
Trained
What is a free lease?

Just wondering what it means to free lease a horse. Or does it depend on what the owner wants it to be?
     
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    06-01-2009, 06:49 PM
  #2
Foal
Quote:
Originally Posted by appylover31803    
Just wondering what it means to free lease a horse. Or does it depend on what the owner wants it to be?
From my experience it depends on how the owner wants to interpret it. Some people it means you pay the owner no fee but just pay all the horses' care. Essentially you're getting a free horse (but you don't own it) but now you have to pay for the care of it. A few actually mean FREE.
     
    06-01-2009, 08:21 PM
  #3
Green Broke
Mirror is right, most who say 'free', mean you get a horse, and don't pay the owner anything, but you just have to pay for vet, farrier, and deworming, and stuff like that. Feed, water, ect. Ect.

Or you just have to pay a percentage of it.
     
    06-01-2009, 08:39 PM
  #4
Trained
Ok, thanks so much!
     
    06-02-2009, 09:26 AM
  #5
Weanling
I am working with a womans haflinger mare for free, riding and training her. She said once the horse is trained, I can have a 'free lease' on her which, in her terms, means I can still come out and ride for free when I want. I don't have to pay any expenses, but that is because she is not paying for me to train her horse
     
    06-02-2009, 09:41 AM
  #6
Showing
I have seen many times where green broke horses are offered to "approved homes" for a free lease and many times what the owner is looking for is someone who is willing to ride and put training on the horse for free while also paying for the care and feeding then at the end of the lease agreement, they get a trained horse back that they can ride or re-sell for a bigger price tag. I don't particularly care for the whole "free lease" idea myself. But that is just my opinion.
     
    06-02-2009, 10:37 AM
  #7
Trained
I completely understand where you are coming from Smrobs.
I am considering putting up my qh for lease since that might be more appealing to some people. Might even do a lease to own type deal with him too.

Also my mare, who does need some work, would be put up as well (still thinking about it). It's not that I get a finished horse back in a few months or anything, its just the fact that I cannot ride right now and if she can be doing something, I rather have her doing something. I'm still thinking about the idea of having someone show her as well (would open up the lease market even more in my area) But that all has to be talked about.

The way I would want to do the lease is they would have 2 options. Pay x amount a month plus vet and farrier bills (emergencies would be split) or pay for the entire year and I will pay vet and farrier bills. This hasn't been thought out at all, just things that came to mind.

ETA, these will both be on site leases. I don't want them leaving their current barn.
     
    06-02-2009, 10:40 AM
  #8
Showing
Quote:
Originally Posted by appylover31803    
ETA, these will both be on site leases. I don't want them leaving their current barn.
This sounds like a very good idea to me. That way you can check up on them to ensure that they are being treated well and properly cared for. :)
     
    06-02-2009, 11:05 AM
  #9
Trained
Yes. That's the main reason why Im doing it. I've heard some horror stories of off site leases not ending well.
     
    06-02-2009, 01:21 PM
  #10
Cat
Green Broke
Sometimes a free-lease is a win-win for all.

A lot of owners put a horse up for free-lease because they want to make sure that horse's life is secure for the rest of its life, and you just can not do that once you officially sell a horse. The ones wanting to free lease can sometimes get to work with a high-quality horse than they normally would be able to afford, even if that horse does need some training.
     

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