Leasing OUT a horse...what is the process?
Background (Read before you advise me to not lease this horse)
I'm looking at what my plans are for college and horses. I plan on getting an equine administration major, so it isn't like I'm getting out of horses. The opposite, really.
I have two horses, ages 12 and 1 (13 and 2, in showing years). There is no possible way I can afford keeping both at the current boarding place and keep everything as is. My loose plan is to take the yearling with me (she'll be ready to train by the time I leave...I'm currently a junior in high school) and board her off campus.
I'm planning on leasing out the 12 year old. I do not want to sell him.
I know it will narrow my market, but I'm going to be picky on leasers.
How do people charge for leasing? Do people generally charge leasers just the upkeep fees (shoes, vetting, etc.), or is there typically an extra charge just as a lease fee? If I were to say, "This horse is available for free lease," would people generally assume it is just the upkeep fee without extra charge, or literally I pay for everything?
Obviously everything is negotiable by contract, but I'd like to see what the terms usually are and the best way to do it.
Free lease on your property then it is free for the leasor, free lease where they take your horse somewhere else then they pay for all the upkeep. I would never free lease and let someone take my horse off property. If they can't afford to pay a lease fee I would be skeptical to say the least if they can afford all the other costs. How I come up with the lease fee is to take the costs of keep for my horse per year and divide it by 365. That gives me the cost per day. Then however many days a month they ride I times by the cost per day. Some people add an additional cost on top of that, but I have a really good leasor who loves my horse and I wanted to make sure my cost was low so she would stay.
Again though, I would never lease any horse off property, I've seen and heard way too many horror stories.
If I were going to lease my horse. (I am also a junior in high school. So one of these days that might happen.) I would expect the leaser to pay for everything except vet bills. They would be responsible for worming, feed and hay cost, farrier and etc. If they didn't live to far away I might be open to letting my horse go to their land. Just as long as I deemed it safe. However if they did stay on my land I would probably let them use my tack that fit my horse. As long as the tack stayed on the property. Good luck with leasing your horse!
I was thinking the same thing! Either on property, or letting him go to an approved home within a certain mile radius.
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