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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, ...
At the other end of the leasing spectrum is what's known as a ?feed lease.? This is where you are only responsible for whatever it costs to feed or board the horse. All other care (farrier and vet bills, etc.) remain the responsibility of the horse's owner. The bottom line when it comes to leasing a horse?
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, ...
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.
In a full lease, you are the only individual riding the horse and you can usually ride it whenever you want. Depending on the owner, you might be able to keep the horse at your own barn. However, some horse lessors require that the horse remains on their premises or at their boarding facility.