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tomonth lease is perfect for new riders, kids, riders moving up in skill level, and riders not sure of what breed or discipline they'd like to work with long term. A seasonal lease is better if you want to show the horse, or if weather precludes riding during part of the year.
In exchange for the exclusive use of the above-named (mare, gelding or stallion) (horse's name) during the period of this lease, the Lessee does hereby agree to assume all responsibilities and to pay all normal and necessary expenses for the care of said horse consistent with the practices of good animal husbandry, ...
While leasing a horse once or over multiple years can prove financially advantageous, the lessor's profit may dwindle quickly if the duration between the next lease is lengthy. Ownership of the horse in between leases can be costly, especially if the horse is being boarded.
Even if it doesn't seem like it, it's always cheaper to lease a horse than to buy one. Most beginners will not be able to sell their horse for a profit (shoot, it's even hard for professionals to sell a horse for a profit with the high overhead costs).