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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...
A free lease means that the horse is leased to someone without any payment to the owner. When you have a free lease you retain ownership and control of your horse but your horse, in best-case scenarios, is still cared for and loved. Everyone wins. The owner has good care for the horse they love.
Lessee and owner share portions of the care, the lease agreement should specify who is responsible for each type of expense (such as board, feed, medical care, farrier care, dental care, et cetera). The lease agreement should also specify how expenses are paid.
You get a taste for the flexibility that owning a horse will offer you as well as the reality of what your finances will look like pre-horse ownership. Leasing is often cheaper than owning and it offers more flexibility and you can always stop leasing if you need to.
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.