How does a horse half lease work?
In this type of agreement, the owner of the horse or lessor splits the horse’s care expenses and riding time with a lessee. It can be a beneficial way to save money on board, feed, vet bills, etc., and it can be great for your horse if your own saddle time is limited.
Is Half leasing a horse worth it?
A half-lease arrangement can be a great way to cut your horse-owning costs. It’s also a good way for a non-horse owner to save time and money, but still get the horse connection and saddle time. His owner was OK with that,” says Julie. “It was super easy, cool, and it works out great.
What are the benefits of half leasing a horse?
The benefit of half-leasing is that generally you’re not responsible for the cost of injury (depending on the your agreement with the owner). If the horse you’re riding inevitably injures itself trying to donkey kick the horse three paddocks over, you may be able to hop on another horse and keep learning. Phew!
How much does it cost to half lease a horse?
A half lease typically entails three rides per week and the base cost is half of the horse’s expenses. This averages the estimated lease fee to $350 per month.
Should I lease my horse out?
Leasing your horse out is a great option for many owners. It helps to minimize the financial demands of owning a horse, but allows someone else to enjoy your horse while you retain ownership.
What should be included in a horse lease agreement?
lessee and owner share portions of the care, the lease agreement should specify who is responsible for each type of expense (such as board, feed, medical care, farrier care, dental care, et cetera). The lease agreement should also specify how expenses are paid.
What is a fair price for a horse lease?
Generally, the cost of a full lease for a year will range from 25 to 30 percent of the horse’s value?in other words, about $2,500 for a horse worth $10,000. Although that still may seem a sizeable investment for a budget-minded rider, it’s a practical way to have access to a worthwhile horse.
How much is a full lease on a horse?
For a full lease, the lease fee is most often about 25% – 30% of the horse’s entire perceived value paid annually. So, for a horse worth $10,000, you can expect a lease fee of around $2500 yearly.
Is it cheaper to own or lease a 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.
What does a horse lease include?
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. Oftentimes a full-lease also comes with the additional costs of board, veterinary expenses and shoeing expenses. It is pretty much exactly like owning the horse yourself.
What is a free lease on a horse?
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.
How much should I lease my horse for?