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.
Kentucky Performance Horse Lease Agreement
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FAQ
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.
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.
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.
Full Leasing a Horse 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.
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.
Lease-to-Buy Equine Contract To purchase the horse, the buyer will pay the full purchase price during the lease term. During this time, the buyer will continue making lease payments per the parties' agreement, which will potentially go toward the total purchase price of the horse.
Leases vary - at my barn the cost of a half lease is $475 per month (for privately owned or barn owned horses), which includes one lesson and two "practice rides" (riding without a coach).
Option #1: The person leasing the horse is responsible for all of the horse's expenses (board, feed, veterinary, farrier, etc). The person leasing the horse may ride or use the horse any time they'd like. Full leases rarely restrict riding days, times, or horse-related events, like attending a horse show.