- Pets and Animals
Important Information You Should Know Before Leasing Out Your Horse
So You Want To Lease Your Horse
The decision to lease your horse can be beneficial in many ways. Leasing is a great way to offset the cost your horse while still retaining ownership. Often times, horse owners decide to lease out their horses because they may not have enough time to dedicate to exercising and caring for their horse.
Whatever your reason is for leasing, make sure you are well-informed about how leases work. The more informed you are, the more successful your lease situation will be. Once the lease details are decided upon, make sure you compile all the details of the lease situation in a legally binding contract which both you and the leasee sign. You should both retain copies of this lease agreement. Even if the leasee is someone you are friends with, the lease agreement document is important just in case any discrepancies arise over the course of the lease.
Types of Horse Leases
There are a multitude of different lease situations that horse owners can arrange. Depending on your particular situation, you may be able to lease your horse at the farm where your horse currently resides. Or, the leasee may want to relocate the horse to a new stable. As the owner of the horse, you are in control of these details.
The Full Lease:
In a full lease situation, the person leasing the horse agrees to take on all costs of the horse including board, veterinary, and farrier care. There are typically no restrictions on horse usage in this situation. Essentially the leasee is taking over the horse without taking on ownership.
Within the realm of a full lease, there are two subcategories. A full paid lease, or a full free lease. As the horse owner, you can decide if you want the leasee to pay you a monthly or yearly fee for leasing the horse, in addition to covering all the horse's costs. This would be a full paid lease. If you simply want the leasee to cover the costs of the horse without paying you a fee in addition, this is a full free lease.
The Half Lease or Shared Lease:
In a half lease or shared lease agreement, the owner of the horse quite literally decides to "share" the horse with the leasee. In this arrangement, there are typically more restrictions on the leasee as far as riding time goes. The expenses of the horse in this situation are typically shared as well. The specific financial details of a half lease should be clearly established, whether the costs are split directly down the middle, or the leasee is asked to pay for certain elements of the horse's care such as feed or hoof care.
The Details of Your Horse Lease Agreement
Once you and the leasee have agreed upon the type of lease situation, you should compile this information into a clearly written lease contract. A written lease contract is important to have because ultimately, as the horse owner, you need to protect yourself in case anything were to happen to your horse during the term of the lease.
Be sure to establish what the leasee is and is not allowed to do with your horse. For example, maybe you do not want the leasee taking your horse out alone on trail rides, or jumping your horse, or taking it to horse shows. The more clear you are of your expectations, the more successful your lease will be.
The most important element for success in any lease situation is communication between yourself and the person leasing your horse.
Sample Horse Lease Contracts
There are an abundance of sample horse lease agreements and contracts online that you can use as a template for your own lease agreement. The following is a list of some examples of horse lease contracts that you can tailor to your specific needs.
- Full Horse Lease Agreement Example
- Half Horse Lease Agreement Example
- Horse Lease Agreement Example
- Sample Horse Lease Document
- Free Lease Equine Horse Contract Sample
Additional Horse Lease Resources
The internet is full of helpful articles regarding steps you should take before leasing out your horse. If you would like more information about horse leases, check out the links below.