How do I handle a Lease to Own - The Horse Forum
  • 1 Post By horselovinguy
  • 4 Post By Dreamcatcher Arabians
  • 3 Post By LoriF
  • 1 Post By loosie
LinkBack Thread Tools
post #1 of 7 Old 12-01-2018, 04:06 PM Thread Starter
Join Date: Nov 2018
Posts: 29
• Horses: 0
How do I handle a Lease to Own

So, I have someone interested in buying my gelding. But they have to do a lease to own. They also want a trial. How exactly do I handle this? I am fine with it, but I donít know how much they should be paying up front and per month of the lease. How long should the trial and lease last for? They will definitely be signing a contact and Iíll have the numbers for the boarding facility, farrier, and vet.
ephagman is offline  
post #2 of 7 Old 12-01-2018, 05:15 PM
Super Moderator
Join Date: Oct 2013
Posts: 9,749
• Horses: 0
There are many here who can suggest contracts and terms for you...
I don't know about that stuff...
You are referring to the horse leaving your watchful eyes, under someone elses care and riding and things happen.
The horse needs insuring with a policy paid in full for the term of the lease contract and for the full price of the horse, not pro-rated.
If something happens to the horse the leaser is going to walk and leave you unpaid and in debt for bills incurred to either euthanize or hopefully make the horse whole again.
Somehow you need to be protected....
How to do that...
loosie likes this.

The worst day is instantly better when shared with my horse.....
horselovinguy is offline  
post #3 of 7 Old 12-02-2018, 07:46 AM
Join Date: Nov 2018
Posts: 241
• Horses: 0
For the trial, does your horse stay at a barn or your own property?? Two weeks for the trial. You should ask her, how often is she/he free if she says every day or every other day say "would two weeks be fine ??". If she says yes then thats good. Per payments wise you will need a very detailed contract with witnesses so nobody can say they didnt understand the terms. I think you would have to work out the extras with the inquirer based on how much she can actually pay per month and how much you request. If she cant afford the full amount by the time written on the contract you can consider that just payments for lease. Write everything in the contract. Do you want them to pay a down payment ? How much is he selling for?

Ain't no Foal to this.
humanartrebel1020 is offline  
post #4 of 7 Old 12-02-2018, 08:49 AM
Join Date: Nov 2010
Location: OK
Posts: 13,552
• Horses: 9
No lease to own. If you're willing, do payments but the horse stays on your property until paid off, YOU take out an insurance policy naming you as the payee if something happens to the horse and they pay for the policy, and they can come to your property to ride for the trial period. EVERYTHING is nonrefundable in a case like this. I don't do trial periods, leases, payments or anything like that. Buy the horse or don't, but once you sign on the line, it's yours and your problem.

Since you say you're ok with a trial period, then give them 2 weeks but require a 1/3 down, nonrefundable deposit and it doesn't start until the horse is insured.

Dreamcatcher Arabians is offline  
post #5 of 7 Old 12-02-2018, 10:45 AM
Green Broke
Join Date: Apr 2015
Location: Northern Florida
Posts: 4,532
• Horses: 4
When I bought my mare, I made payments. Two to be exact and she did not leave the sellers property until she was paid for. Also, I paid for her board until she left the sellers property. She was also insured.

I would not do lease to own, too much can happen and go wrong.

I would either lease the horse to them but they do not become the owners or I would sell the horse to them paid in full. I probably would let them make payments but the horse would not leave the property until he's paid for and they would pay board for said horse while paying him off.

There will be only one of you for all time. Fearlessly be yourself.
Coffee is my spirit animal
LoriF is offline  
post #6 of 7 Old 12-02-2018, 03:04 PM
Super Moderator
Join Date: Jun 2008
Location: Australia
Posts: 19,851
• Horses: 0
Sounds a strange arrangement to me. Agree with Dream tho would do a trial, with half payment & contract. But a 'lease to buy' IS a trial imo & I wouldnt do/can't see a point in both... seems buyer just wants their cake & eat it too.

So im guessing this 'lease to buy' is like a 'layby' arrangement, where the horse is paid for in installments because buyer can't afford to pay up front but wants horse now? If they cant afford to pay up front, id be concerned how they could pay for the horse in the long run, if anything went wrong, vet care etc. Definitely be a *short term* on site lease with other stipulations about what's allowed, and non refundable payments imo.
egrogan likes this.

Some info I've found helpful; [COLOR=Lime][B]
For taking critique pics; [COLOR=Lime][B]

Last edited by loosie; 12-02-2018 at 03:15 PM.
loosie is offline  
post #7 of 7 Old 12-11-2018, 06:38 PM
Super Moderator
Join Date: May 2012
Posts: 6,390
• Horses: 12
I've bought more than one that I made payments on. Horse never left the seller's property until paid in full and the horses were insured. There was one exception. I was not in the market but the seller had to move the horse and I had purchased several over the years from her so she asked if I could keep him until sold or she could come get him. In the event she couldn't then his board and care would be subtracted from what she intended to sell him for. 4 years later she signed him over for nothing.

ETA No, actually, there were two. I made a payment that covered half the cost and she was delivered that afternoon. Two weeks later when I had the balance she was paid off. Because it was a neglect situation and the horse was extremely emaciated I moved her once she was delivered so that they could not return for her.
QtrBel is offline  

Quick Reply

Register Now

In order to be able to post messages on the The Horse Forum forums, you must first register.

Already have a Horse Forum account?
Members are allowed only one account per person at the Horse Forum, so if you've made an account here in the past you'll need to continue using that account. Please do not create a new account or you may lose access to the Horse Forum. If you need help recovering your existing account, please Contact Us. We'll be glad to help!

New to the Horse Forum?
Please choose a username you will be satisfied with using for the duration of your membership at the Horse Forum. We do not change members' usernames upon request because that would make it difficult for everyone to keep track of who is who on the forum. For that reason, please do not incorporate your horse's name into your username so that you are not stuck with a username related to a horse you may no longer have some day, or use any other username you may no longer identify with or care for in the future.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


Old Thread Warning
This thread is more than 90 days old. When a thread is this old, it is often better to start a new thread rather than post to it. However, If you feel you have something of value to add to this particular thread, you can do so by checking the box below before submitting your post.

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page

Similar Threads
Thread Thread Starter Forum Replies Last Post
Calling all those who ride but do not own their own horse! i1walker Horse Talk 0 12-16-2013 02:38 PM
Do you board or own your own barn? AmberPick Barn Maintenance 35 07-29-2010 01:11 PM

Posting Rules  
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome