Leasing a Horse 101
If you are a horse enthusiast, then leasing your perfect steed may be the best option for you. In this article by some of our experts here at Excel Supplements will go over everything that is involved in getting started with arranging to lease and riding horses!
As I’m sure many people have wondered about how it would feel like if they were not able to own their own horse but still wanted to ride? Well, now there’s an answer–leasing out! Leasing offers riders peace-of-mind knowing that when they’re done enjoying time on a leased mount, all items will either return or stay only temporarily until another rider needs them from us.
1. Why a Lease?
So, why does the owner want to lease out their horse? There are reasons for either decision. Before you make any decisions about leasing a potential mount, think very carefully and consider your needs and what horse will suit those desires best! Horse owners get busy. Some rent out their horse because they have time constraints, or certain big life events that take them away from the barn. Other reasons could be financial – having a horse is not easy on your wallet and it does cost some money to keep it in place!
While everyone has their reasoning for leasing out their horses, make sure you’re getting all of the information before making any commitments with someone else’s animal just yet.
2. What are the details?
If you are looking into leasing a horse for yourself, your family or even a client then it’s important to remember that there’s more than one type of lease. Depending on what the person is using their horse for will determine which kind they should have so make sure and be clear about this detail when going through an agreement – whether jumping or barrel racing, taking horses to shows as well as leisurely riding – each has its own set of requirements in terms of information before signing.
3. What are the costs?
What is the cost associated with leasing a horse? The choice of lease can make all the difference for those who want to save some money. If you are full leasing, then you will be on-the-hook for everything related to your horse’s care and feeding; otherwise if you are in a half leased your responsibility will be half of the costs until your contract runs out.
4. What is included in the Lease?
What costs are included in your lease payment and what are not? Remember, all leases are not the same and each different agreement can state different financial responsibilities outside the immediate care of the horse (vet bills, farrier, supplements, insurance etc)
5. What are the Terms?
What are the terms of your lease for this horse? How long is it and when will you be renegotiating again? Typically leases go on a yearly basis, but others can range from 6 months to month-to-month.
6. What is your responsibility?
What are some of the things you should be concerned with as a lessee? It’s important to know what is included in your lease payments, so there won’t be any surprises when it comes time for payment. Items that typically come up include: shoes, worming treatments and vaccinations for horses; feed, tack and vet costs but not professional services like blacksmithing or farrier work.