Off property leasing a horse? - The Horse Forum
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post #1 of 7 Old 11-02-2015, 06:46 PM Thread Starter
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Off property leasing a horse?

So I'm not super new to horseback riding but I have recently really gotten back into it.
I'm trying super hard to fight the urge to go out and buy one. So I've been looking through Kijiji(I'm literally on it everyday for different things) and I came across a horse that is for sale but owner is considering off leasing property.
Before I send an inquiry, I somewhat just wanted to ask does every owner have different conditions for off property leasing?(I know it may seem like a stupid question...but I thought I'd ask here.)
I didn't want to ask the owner because I didn't want to sound like a complete newbie when I'm not one completely. Just when it comes to leasing/owning a horse.
I've been watching a lot of youtube videos though
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post #2 of 7 Old 11-02-2015, 10:08 PM
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I'm guessing that all owners have different thoughts on leasing, so asking questions is a good thing. I was considering putting my guy on lease, and I would have written up a contact to cover everything that I was concerned about.

I'm guessing that, like me, people off site lease because they can't bear to let go of their horse, so questions are good. I did advertise my guy for sale briefly, and it was the people who asked lots of questions and told me a lot of things about themselves who I short listed to follow up with.

“Never attribute to malice that which can be attributed to stupidity”
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post #3 of 7 Old 11-03-2015, 12:12 AM
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Most of the time, there seems to be three GENERAL rules:

1.) If you pay for an "off lease" fee with the owner, the owner will usually continue to pay for the care of the horse. i.e, vet, farrier, teeth, worming, etc. So say you pay $200 a month for an off lease...ultimately, the owner would use the money you pay them to upkeep the care of the horse. You just go to the barn and ride.
2.) A FREE off lease means you will not have to pay the owner a monthly fee to ride, but you WILL have to pay for the care and upkeep of the horse. So, teeth, farrier, worming...and if the horse has a bad accident and the vet bill is $3,000? Yikes - it's yours.
3.) No matter what you pay the OWNER of the horse, you will still have to pay to board the horse somewhere. So if it's not a free off farm lease - you'll pay X amount to the owner + a monthly boarding fee to a completely different person. Example: $200 a month to horse owner, plus $800 a month to BARN owner for boarding fee.

Even if the lease price is free - you will still pay board and care. The horse is practically yours, financially. The only difference is the owner can take him or her back any time and you can give him or her back any time things stop working out/you can't afford it.

I considered off property lease to see if it'd help since financially, I can't afford to own my own horse quite yet. Then I realized no matter which way I cut it, I'll be practically paying to own one anyways. Whether or not it's lease fee + board or board + care & upkeep, it's not cheap enough for me! Practically the same thing as owning. You just won't have to worry about selling if you get overwhelmed, and you'll always have someone to turn to if you need help. Either way - still not affordable for me.

If it's in your price range, however, it's a great thing to consider if you want to ease into owning but you're not quite ready to make decisions about care on your own/take on ALL the responsibility. An on farm lease, as you probably know - would be "pay to ride." :)
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post #4 of 7 Old 11-03-2015, 12:34 AM
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I am currently doing an "off-property" free lease. I pay nothing to the owner, but I am responsible for board, vet, farrier, feed, hay and insurance. We agreed to a 6 month contract, so I paid a 6 month insurance premium that covers all medical that is not routine, minus a deductible plus the value of the horse in case it dies. In my contract it states that if the horse has to be put down or dies, I owe them nothing.

Like the above poster said, the beauty of a lease is that you can move on to something else, or stop the expenses once you can no longer afford them or the horse is no longer a fit. Once you buy, that horse is yours until resold or it passes. When I buy, I want my forever horse. This lease is not it, so I'm glad I have the option to end it when I'm ready.
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post #5 of 7 Old 11-04-2015, 02:19 AM
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I leased my girl off property once tbh if I was to do it again I would ask for person to keep me up dated and ask to check horse at least once a month as I got my girl back covered in lice and on the edge of death I wouldn't lease out for free again
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post #6 of 7 Old 11-04-2015, 03:41 AM
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Off property lease or free lease means something different to everyone. I've seen some where the lease pays ALL expenses, farrier, supplements, board, vet, etc. Other times I've seen owners take care of more routine expenses, like annual vet visits.

if you ask it wouldn't make you sound like a noob.
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post #7 of 7 Old 11-04-2015, 10:26 PM
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There are general rules, but every lease will be different.

Generally an off-property lease would be a "free" lease, meaning you do not pay anything to the owner of the horse, but you do pay for everything else for the horse (board/farrier/vet/tack/blankets/training/shows, etc etc.).

Some owners are super involved, some are not at all.

I free lease out one of my mares. The leaser pays all board/feed/training/show/farrier/tack fees. Leaser also pays for any routine vet care. If my mare needs a vet for whatever reason (other than routine stuff), then the leaser pays up to $300 (per visit), I pay the vet anything over that.

I try to be quite involved with my mare and leaser is not supposed to make ANY decisions regarding my mare - so that includes anything as far as changing tack or bits, scheduling for farrier appointments or "other" stuff, I decide what trainer she is under and what sort of shows they attend. I realize a lot of people will find that much too strict for their liking, but I am not out to please them, my mare and her well-being come first and foremost. Unfortunately I am currently running into a number of issues with the leaser not respecting my contract, and I can't say I have ever had any issue before with other leasers, so even though I try to be involved and enforce the contract... it doesn't always go that way. So my point is that if you do lease a horse, get an extremely detailed contract, and respect the owner/their contract at all times.
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