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Making a Horse Lease
Whether you're the owner of a horse or you're looking to rent one, you'll want to use a Horse Lease designed especially for your situation. A Horse Lease is an agreement where a horse owner (the "lessor") allows another person or business (the "lessee") access to a horse in exchange for an agreed-upon payment that partially covers things such as boarding, feed, and veterinary bills. When ready, you can tap or click the "Make document" button to check out our sample Horse Lease and see what information you'll need to personalize your document.
In its simplest form to lease a horse is to rent it from the owner. Specific details that you may want to include in the Horse Lease Agreement are:
As expected, the Horse Lease will also include language related to overdue fees, liability, and governing law. Further alterations are possible, as needed.
Leasing "half of a horse," means that two separate individuals are splitting the horse's care expenses and riding time. Costs that will be shared can include: board, feed, veterinary bills, etc. Both parties to the agreement will determine a schedule for access to the horse. The agreement can be beneficial for the horse if you are unable to ride it extensively. This agreement is also sometimes referred to as "shared-boarding."
Horse Leases are a common solution for families wishing to find a horse appropriate to the size of the rider, or for young adults who are soon headed to college, and whose families do not wish to own a horse that they may need to sell in a short period of time. In addition to having potentially lower transaction costs, the cost of a lease is almost always lower than the cost of purchasing a horse outright.
Even if you are renting out your horse as a favor, it is always a best practice to make a Horse Lease. Signing this document will most likely be good for you due to the following benefits:
Anyone opting not to use a Horse Rental Agreement can anticipate some issues, such as confusion about payment dates and unexpected changes to the arrangement.
As with any other contract, a Horse Rental Agreement will not be legally binding until all parties to the agreement have signed. This is not a run-of-the-mill Horse Lease template. Any Horse Rental Agreement under a Rocket Lawyer Premium membership can be reinforced by optional Document Defense® support from an attorney.
In order to write a free Horse Lease online with Rocket Lawyer, you can get started by tapping or clicking on "Make document" above. You will then be led through a set of questions about your situation to produce your customized contract. After drafting your Horse Rental Agreement, you might also consider having a Rocket Lawyer On Call® attorney review it. This route, in most cases, will end up being much more affordable and convenient than hiring the average attorney at a cost totaling a few hundred dollars or more, if the matter is complex.
Hiring someone to comment on your document might take longer than you think if you attempt to do it by yourself. An alternate approach could be through the Rocket Lawyer On Call® network. Rocket Lawyer Premium members are able to ask for a document review from an experienced attorney or ask additional legal questions. When managing your rentals, you can Work Confidently® knowing that Rocket Lawyer is by your side.
When you are ready to finish up your drafted document, it must be signed by both parties. Using RocketSign®, you can ensure that the lessee signs and receives a copy of the fully executed contract. As a Rocket Lawyer member, you also may make copies of it, download it as a Word or PDF document, and/or print it out as necessary. Also, feel free to explore our larger library of additional contracts and documents.
The cost to lease a horse is usually determined by the amount of the horse's value. For example, a full one-year lease typically runs in the range of 25-30% of the horse's value. A horse worth $5,000 will cost $1,250-$1,500 to lease for a year.