This is a performance lease agreement related to a brood mare. It is used when the lessee desires to lease another person's horse for the purpose of riding or showing the horse in competitions. It includes provisions for lease payments, permitted uses, care and maintenance, risk of loss, insurance and assumption of risk.
Lease To Own Horse Without The Land
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Specific details that you may want to include in the Horse Lease Agreement are:A description of your horse and its estimated value.Contact information for the renter.How payment will be made.What the start and end dates are.Who will be financially responsible for veterinary care.More items...
In a full lease, you're responsible for full care and boarding of the horse. You'll generally get full access to the horse 24/7 for riding and shows. On the other hand, you'll be expected to deal with veterinary visits, horseshoes, and the remainder of the horse's care, as well as the full price of boarding.
Full-Lease In the full lease situation, the lessee usually pays for all of the horse's costs, such as boarding, feed, veterinarian bills, and farrier bills, in return for being able to use the horse whenever the lessee wants. This situation is the most akin to horse ownership.
When you full lease a horse you pay an agreed upon fee for exclusive access to the horse. This means you are the only one riding the horse. It won't be used for lessons, the owner will not ride it, and you'll be responsible for making sure the horse gets the attention & exercise it deserves.
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.
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It's up to you and the owner to determine. Also, be clear on whether this is a "lease with an option to buy.Typically, you also don't have to own stables or land when you lease. Leases involve terms that are unfamiliar to many people. How this alternative to horse ownership can help you get your horse fix without maxing out your budget. Many trainers and instructors have horses for lease in their barns. Also, many owners do not include the cost of buying land, because they want to own land regardless of horse interest.