Leasing out my mare ? - The Horse Forum
 
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post #1 of 4 Old 10-05-2016, 10:26 AM Thread Starter
Foal
 
Join Date: Jan 2016
Location: i live in munford Alabama
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Leasing out my mare ?

ok so i recently got a new horse so now i have 3 mares between school and work i am having trouble riding them all they all still get groomed and worked out every day. I have decided leasing might be a solutions that my old QH/ racking mare can still get rode at least 2 a week. she is as kid proof as they come and i have kids ride her. it would be a on sight leas they could use are trails and round pen. now what do i need to consider before post a add such as what should the leas agreement look like and how much should i charge if i do charge.

When you are at that point where you realize you have a problem.
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post #2 of 4 Old 10-07-2016, 01:22 PM
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Only have time for a quick reply here, so if I leave something out please don't hesitate to ask. I have tons of experience leasing horses out to others (free off property, paid off property, on site free, and on site paid. So a bit of everything).

Get everything in writing. Like, everything. I'd have to dig out one of my old on site contracts, which I may or may not have on this computer but I can check. If not I am sure someone else here has a good one!

But, essentially, I put everything in. What days do they ride, what tack do they use, are they aloud to change horse's bit without written permission, do they let you know when they are heading off on a trail ride. Put "little" things in too like that horse must be correctly groomed before and after a ride, cooled out property, blanketed accordingly (if you blanket). Put in how long they are aloud to ride for (ex. trail rides are not to exceed 2 hours).

As for money/more official things - you need to put in the contract that payment is due on X date, and no later. If missed payment exceeds X days, you are able to end lease without notice. If they break contract in any way (going on 6+ hour trail rides for example) then you can terminate without notice and no refunds of their money as they broke contract. Generally I put in contract that leaser must give 30 days written notice on the first of the month if they wish to end lease. If it's off property I generally say 60 days notice (case to case depending though). Or, you can do a 6 months/1 years/2 years contract, but say 30 days notice if they wish to terminate sooner.

What to charge? Generally for a trail horse on site lease, you would do a percentage of the board/farrier cost. At only 2 days per week, you should still be responsible for all vet care (unless they obviously cause something to happen), and you are responsible for all miscellaneous things (new blankets, new tack that you wish to have, etc etc). SO, how I calculate lease cost for 2 days per week - lets say your board is $600, and your farrier is $200 every 6 weeks. So $600 divided by average month of 30 days (no refunds for missed days). 600 divide by 30 is 20, so thats $20 per ride, and leaser will ride 8 days in a month (2 per week), so $160 per month would be your lease cost. Do the same for farrier and then you can either just add that in to the monthly lease payment, unless you only have farrier every 2+ months then I'd have that as a separate payment. =)
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post #3 of 4 Old 10-12-2016, 10:09 AM Thread Starter
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Join Date: Jan 2016
Location: i live in munford Alabama
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well i dont pay board i am at my own Barn. also she was at one point my show horse but it has been some time since she was in the arena she has 12 blue robins all in gated events .

When you are at that point where you realize you have a problem.
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post #4 of 4 Old 10-12-2016, 01:45 PM
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Quote:
Originally Posted by Long trails View Post
well i dont pay board i am at my own Barn. also she was at one point my show horse but it has been some time since she was in the arena she has 12 blue robins all in gated events .
Well, then it depends if you are marketing her as that? Will the leaser be able to compete at these events, or is the lease just on property/trail riding? What level are the events ...local schooling shows or national or??

If she's won at higher levels and you are marketing her as such to the potential leaser, then you can ask more (look at similar caliber horses in your area.) If she used to be a higher level competitor, but is only doing trails now - then you cannot market/price her as a higher level competition horse. But, regardless, you say you only have trails/round pen for riding. Is the leaser able to take the horse and show locally/is there a nearby arena they can ride or haul to if competition is what they wish to practice and take lessons for?

IMHO, if you are marketing a horse as a trail horse, unless you have access to an arena, you really cannot honestly price and market the horse as a competition mount, regardless of what they may have done in the past. Sure, an ex-show horse can teach someone the ropes (even if the horse can no longer compete and is semi-retired), BUT if you have no where to truly ride and teach ...then you're left with marketing as a trail horse no matter what type of shows this horse has done previously.
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