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.
Ohio Horse Lease Agreement With Option To Purchase
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How to fill out Ohio Performance Horse Lease Agreement?
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A half lease typically entails three rides per week and the base cost is half of the horse's expenses. This averages the estimated lease fee to $350 per month. Ride times, jumping outside of lessons, and lessee's fiscal responsibility are regulated directly by the owner and an agreed upon contract.
For a full lease, the lease fee is most often about 25% 30% of the horse's entire perceived value paid annually. So, for a horse worth $10,000, you can expect a lease fee of around $2500 yearly.
Preparing to Lease Out Your HorseDecide How Many Days the Lease Is For.Determine What Experience the Rider Needs.Decide on the Lease Price.Decide on the Lessee's Responsibilities.Determine Any Limitations.Draw Up a Contract.
Leasing often allows riders of all levels to get a better quality horse than they might buy. Horse owners don't usually sell their best or most promising horses, but do lease them out when they don't have time for them or need some extra income.
In most cases, lease fees are negotiable. Generally, the cost of a full lease for a year will range from 25 to 30 percent of the horse's value?in other words, about $2,500 for a horse worth $10,000.