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 Elite Veteran
Posts: 920
 
Location: Randolph MN | My only horse that's not retired due to age or injury was diagnosed with soft tissue injury ending her season, and hopefully not her career.
I had an aquaintance in the horse world offer me a free lease for a finished gelding. It would be an off site lease and I would likely have to pay board on it. I keep my horse at my parents house with their horses, but I'm not sure they could take another horse right now. Horse needs medications, supplements, corrective shoeing every 4 weeks as well as senior grain (19 years old) and hay.
My question is, who typically pays for what in a free lease? Owner already said she would pay for meds and supplements and I would pay for grain and hay. I would pay all entry fees. What about shoes and vet costs? I would benefit by having a horse to run, she would benefit as she's trying to sell the horse and this would get it out and known and I would get videos and pictures.
I'm getting married in 6 weeks which is why I can't swing the extra cost of buying another horse, or unexpected vet bills
Any advice on experiences you had or what you put in a contract for a free lease would be greatly appreciated! |
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Addicted to Baseball
  
Location: Where the stars at night are big and bright, TX | A free lease just means you aren't paying a separate fee to lease the horse. For instance, when I was showing jumpers competitively, we leased a horse for 150k a year. That was just his lease price. We were also to pay his board, vet, farrier, insurance, all "care and keeping" on top of the lease payment.
Regular upkeep should be on you - his shoes and some vet care at least - and I'd get it all on paper who is responsible for what, in a contract signed by both of you and notarized. |
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Elite Veteran
Posts: 920
Location: Randolph MN | I worry with this horse being 19 and already having some age related issues needing hock injections in the past and corrective shoeing that I could be stuck with some hefty vet bills. I'm already paying vet bills on the horse I can't ride any paying for a wedding. The owner did say that maintenance type vet stuff she could probably pay for. "Maintenance" could have different meaning to different people. And of course I always worry about freak accidents that can always happen with horses. |
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Addicted to Baseball
Location: Where the stars at night are big and bright, TX | Yeah you both probably need to sit down and write out the expectations on each end. |
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 Horsezips Number One Fan
Posts: 3519
Location: on a horse | With all you state, maybe you should really sit this one out. To me there is NO free ride or lease on anything. |
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  Warmblood with Wings
Posts: 27846
Location: Florida.. | Typically you are responsible for Everything.. your just not getting charged to lease the horse.. even vet costs etc.. if she offered the other then be thankful BUT contract is needed.. if your taking the horse to sell then thats a differant story.. she basically is getting care and training free until he sells.. figure it all out and get a contract.. |
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 Elite Veteran
Posts: 678
Location: Canada | One thing to keep in mind is that because of his age he may not be able to be insured. Therefore make sure you are covered in a contract in the event anything happens so you aren't on the hook for paying for the horse out of pocket should he be injured or need to be put down. |
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 Shelter Dog Lover
Posts: 10277
| I let my trainer take 2 of my horses for her daughter to ride, one did poles, the other barrels. They both stayed about a year, they payed all expenses and any vet bills. Horses came home in fantastic shape and well tuned. |
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Free Lease Advice