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I suggest written contracts just to make sure everyone is on the same page and know their responsibilities. This helps avoid conflict over small details!
Some people in partial lease situations lease the horse on a month-to-month basis and the lease rider makes monthly payments. In other cases, especially if the horse is being moved to a new barn, the lease may be for a whole year with payments due at the beginning of the lease.
Again, this all varies between the two parties involved. If you are leasing a horse to use for shows, you would most likely want to lease it for the whole year or lease it for a certain show season. All of these things, as well as what the payment plans will be, should be spelled out clearly in the written lease contract.
Riders that are planning on showing will most likely want to lease the horse for the duration of the show season. If you will be moving the horse to a different facility, or if you will be taking it out and about a lot, the owner may want you to pay for the horse to be insured. The insurance might be for medical needs or for mortality. The cost of a policy depends on the value of the horse you are leasing, so the price can vary greatly. Make sure that you are aware of if you are responsible for vet and farrier fees.
If so, can you use the vet and farrier of your choice? Or do you have to use the owner's? Again, detailing these things in a written contract might seem a little excessive, but it is always best to have it all decided beforehand especially if you are friends with the owner of the horse you are leasing.
It would be a shame for you to lose over a friend over a little detail in a horse lease agreement. People always ask me why they should lease a horse instead of buying one. In my opinion, it is a great way for riders who are considering owning a horse to experience having "their own horse.
Leasing offers you the opportunity to ride the horse you need now. In other words, if you are still learning, you can lease a horse appropriate to your level for as long as you need to, and then move on to another when you are ready. If you buy a beginner horse, and then outgrow its abilities, then you will have to decide if you can afford a new horse.
Or have to decide to sell your first horse to buy another one. Which is a tough decision, since we all get attached to our horses. For young riders, leasing works well because they can get practice riding on a horse they are already comfortable with.
This often works out better than constantly riding new horses at strange barns, which might shake their confidence. One benefit of leasing is that depending on how you arrange it, you may be able to ride a variety of horses. If you are planning on buying a horse in the near future, it might not make sense financially to lease since you are spending money that you could be saving to buy a horse in the future. Also, be aware that every lease is different. See: How to Halter Break a Horse.
Oliver Ollie Jones — A zoologist and freelance writer living in South Australia with his partner Alex, their dog Pepper, and their cat Steve who declined to be pictured. Oliver Ollie Jones - A zoologist and freelance writer living in South Australia with his partner Alex, their dog Pepper, and their cat Steve who declined to be pictured. Ollie, originally from the USA, holds his master's degree in wildlife biology and moved to Australia to pursue his career and passion but has found a new love for working online and writing about animals of all types.
Skip to content. Oliver Jones. Aug 02 When you are starting out, your best option is to buy a horse that you can get on and enjoy right now, even if it is an older horse. Although you can usually find cheaper horses within each of these breeds, you will need to keep a few things in mind. There are special considerations that need to be taken with most inexpensive horses. The advantage of leasing is that you get all the benefits of horse ownership without the full financial commitment.
A lease is a contract outlining the terms under which one party agrees to rent property owned by another party. When leasing a horse, you have committed to one particular horse to care for and ride throughout the week. Horse experts at IHeartHorses. A temporary situation can be very beneficial for those who will eventually want to move up in levels or change riding disciplines.
If you are leasing a horse that is suited for dressage beginners, but you are ready for a more advanced horse, then you can move up to one that is more tailored to your developing techniques. Check these Best Horse Grooming Kits that we recommend. When you are leasing a horse, you have created a contract between you and the horse owner that contains specific terms and conditions, about the care and obligations of the horse.
The leasing options coincide with the costs and can vary from the agreements that you and the lessor have made. This option is in exchange for being with the horse as much as you want.
There are two options to consider with a full horse lease:. Full leases rarely restrict riding days, times, or horse-related events, like attending a horse show. Option 2: The person leasing the horse pays a monthly lease payment to the owner of the horse. This is the most common and cost-effective option. A partial or half lease is commonly used when one or more people lease the same horse.
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