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.
Horse Lease Agreement Contract For Own
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How to fill out Virginia Performance Horse Lease Agreement?
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Everything You Need to Know About Leasing a HorseCommon Horse Lease Arrangements.Figure Out What Type of Lease Arrangement You Prefer.Find a Horse to Lease That Matches Your Abilities.Ask Questions to Learn Important Information About the Horse.Test Ride the Potential Lease Horse.Get Your Lease Arrangement in Writing.More items...?
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.
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 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.
It can be a beneficial way to save money on board, feed, vet bills, etc., and it can be great for your horse if your own saddle time is limited. With respect to the lessee, a half lease can act as a steppingstone into horse ownership. However, it's not an agreement that should be taken lightly.