Michigan Lesson, Horse Rental or Lease, and Arena Use Release - Horse Equine Forms

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State:
Michigan
Control #:
MI-06-06
Format:
Word; 
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Description

This Lesson, Horse Rental, and Arena Use Release Horse Equine Form is a lesson, horse rental and arena rental release form for a user to sign before being given lessons, or being rented a horse or to use an arena. It releases the owner and lesson giver, as well as all other agents, from liability as provided in the form.

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FAQ

Leasing a horse is nearly always less expensive than buying one.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.

The advantage of leasing is that you get all the benefits of horse ownership without the full financial commitment. Also, you get the benefit of horse ownership without the responsibility of having to make big decisions as far as the horse's health and well-being.

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.The owner has good care for the horse they love.

FULL LEASE: For $400 per month, you will have full, exclusive use of the horse. Full-leases require that you also pay to the costs of routine farrier and health care, which will vary according to the horse's needs.

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. Although that still may seem a sizeable investment for a budget-minded rider, it's a practical way to have access to a worthwhile horse.

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.The owner has good care for the horse they love.

Leases are usually paid for monthly, and can cost anywhere from fifty dollars per month to hundreds per month (again, depending on what is included).

In these challenging financial times, more and more horse owners have entered into arrangements they call free leases. No legal dictionary, to our knowledge, recognizes the term free lease, but in the horse industry it has come to mean a horse that is leased to another with no lease payment to the owner (the lessor

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. Although that still may seem a sizeable investment for a budget-minded rider, it's a practical way to have access to a worthwhile horse.

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Michigan Lesson, Horse Rental or Lease, and Arena Use Release - Horse Equine Forms