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What care is the lessee responsible for providing? A lease agreement should specify who is responsible for ensuring the horse receives adequate shelter, feed and water, grooming, exercise, farrier care, dental care, and veterinary care, including vaccines and deworming.
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.
Five things any Lease-to-Own horse agreement must have are: (1) which horse is being sold, (2) who are the seller and buyer, (3) how much is he being sold for, (4) how will payments be set up and when will they be made, and (5) when does the buyer get the horse and when does the horse transfer ownership.
Pros. Leasing a horse is nearly always less expensive than buying one. It's a relatively low-cost option between owning a horse outright and using a rotating carousel of school horses at the stables. You get the consistency of riding one horse without much of the expense.
A partial lease arrangement, also known as a half lease, usually provides you with the ability to ride the horse you are leasing during certain days of the week. In a partial lease, you will be sharing the horse with another rider or the owner.