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Making a Horse Lease
Whether you're the owner of a horse, or you're looking to lease one, you'll want to use a Horse Lease designed especially for your situation. Having an agreement in writing not only helps cover you from the legal side of things, it also helps ensure that the animal is well-cared for. And if any questions crop up about the arrangement, you'll be able to refer to your written agreement.
A Horse Lease is an agreement where a horse owner allows another person (the lessee) access to a horse in exchange for an agreed-upon payment that partially covers things such as boarding, feed, and veterinary bills.
A Horse Lease typically includes information such as:
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 the lease is obviously lower than the cost of purchasing a horse outright.
You may use a Horse Lease document if:
The cost of a Horse Lease 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.
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."