Considering a first-time lease... maybe - The Horse Forum
 
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post #1 of 5 Old 09-16-2014, 09:13 AM Thread Starter
Weanling
 
Join Date: Dec 2012
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Considering a first-time lease... maybe

Hi everyone,

I have recently convinced my partner to (possibly) let me lease a horse at the end of next year, probably will turn to January 2016. I am trying to find out as much as possible about leasing and the costs related to it. My biggest issue now is that I dont know how far in advance I can ask my trainer/stable about this. I dont want them to try to push me into leasing if it turns out I cant afford it.

Another thing I could use some advice on is how would I go about asking if a particular horse can be leased? I met this mare about 2 years back, and just recently she has been moved away from my barn back to the breeder to be bred. I have reason to believe the owner would at least be willing to consider it (when I asked where she had gone the BO asked if I was interested in leasing/buying her). I have ridden her a handful of times and seen her in action many times. Around the time Id be looking to lease her first foal should be weaned. Should I let them know now I might be interested? Or is it better to wait till next year when I am more sure of what I can/cannot do? If you are a breeder, would you consider leasing out a young mare with great bloodlines after she hasnt made it in the sport? (shes only 8)

I would also like to ask if there is usually a fee involved for the use of the horse (other than taking on full maintencance costs), to be paid to the owner?
What are your experiences with this and things like who pays for vet emergencies/feet problems. How much say do you have training wise? Can the owner expect you to compete the horse at a certain level? (They retired her to breeding because she wasnt happy jumping higher than 1.20, and started refusing at scary jumps, low stuff under 1m she jumps perfectly, which is what I'd be doing)

Nothing is for sure yet, but since my partner gave me the -its a possibility- of course my brain has been filling up with all sorts of questions (and daydreams xD)

Im just looking for the general tendency in leasing, to be able to see what I can ask for and what I can expect.

Thank you for any and all answers!
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post #2 of 5 Old 09-16-2014, 09:37 AM
Weanling
 
Join Date: Aug 2011
Location: Minnesota
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I don't think their is anything wrong with asking as many questions as you can - that's the only way you will find the answers :)

In asking your trainer or stable owner, I would just put it as you have been thinking about leasing and are looking for more information on it so that you and your partner and talk about it and see it it's a possibility. Be sure to ask about all lease options, (full/partial, how many days, etc) and specific pricing. I'm not well versed on the types of leases, as far as just paying a standard amount every month and/or being responsible for vet/farrier but it is definitely something to ask!

As per your mare, I would do the same - tell the owner you very much enjoy working with her horse and ask if they would be interested in doing a lease. And if they say no, jsut thank them and say if, in the future, they change their minds to let you know.
It all depends on how much the horse will be used after the baby is weaned. Some owners might jump at the chance and other owners aren't interested simply because they are always out riding their horse - so for me, it would really depend on those factors.

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post #3 of 5 Old 09-16-2014, 02:28 PM
Green Broke
 
Join Date: May 2013
Location: Louisiana
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The big thing is that the arrangement can vary greatly based on your agreement with the owner. Generally speaking, a "free lease" is one in which you pay for most of the horse's expenses and have full access to the horse. You'd be expected to pay board, farrier, and regular medical expenses (tooth floating, vaccinations, etc) in most cases. Unexpected medical expenses or emergencies depend on your arrangement. In some arrangements (usually only for a REALLY good horse) the owner will expect you to pay them a monthly fee for her use. It doesn't sound like this horse would command that sort of fee.

What the owner expects/allows you to do depends on the lease as well. Some folks don't allow the horse to be trailered off the property for events, and some require prior approval. Some wouldn't want you to jump their horse, some would limit you to X jumping days per week, etc. How much say they have in the training also depends. Some would trust you to use common sense. I would not lease from someone who requires you to compete their horse.

Personally, I wouldn't bother asking the owner about details and specifics when you're not looking to lease for another year and a half. WAY too much can change in both your situation and the horse/owner's situation to count on anything. I'd perhaps mention that you'd be interested, and if you're dead set on leasing this particular horse then talk to them a couple of months before the lease would begin. Finding a horse/arrangement to suit your needs can take some looking and a bit of time, but due to changing life situations there are many folks who want to retain ownership of their horse, but don't have time/money to spend on the horse.
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post #4 of 5 Old 09-16-2014, 04:58 PM Thread Starter
Weanling
 
Join Date: Dec 2012
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Thank you for the replies! Today i had a chance to tlak to my trainer about the mare. She is now for sale but my trainer said she doesnt recommend getting her at this point since she is very sensitive, and will need a lot of confidence building before she can jump again. She was rushed into jumping big and fast at too young an age, and apparently now stops even at lower fences. All together not something i would be able to fix with the little experience i have. I will just continue my lessons, maybe look into leasing something more steady next year, and in 3-4 years time, once i have room to keep her instead of having to pay expensive board, and more knowledge to be able to help her through her issues, i might try to track her down in order to buy her. Thanks again for taking the time to reply!!
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post #5 of 5 Old 09-16-2014, 09:30 PM
Yearling
 
Join Date: Dec 2009
Location: Southern Ontario, Canada
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I've paid as little as $50/month for a basic lease to around $300/Month for a lease on a horse including unlimited lessons, and a few in between over the years.

The prices can be all over the map depending on many things, so it's impossible to nail down exactly what it'll cost you in the end.

Biggest piece of advice I could give you is to lease the right horse - not too much (rarely ends well) or too little (boring quickly). Pay for a few rides on the potential lease horse first and see what you think before committing.

-- In the great white north - Canada!
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