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 Mrs. BigWig
Posts: 1868
   
Location: chasing kids and animals | I have a friend who is thinking about leasing a barrel horse but doesn't know how to go about doing it. What are the normal financial arrangements? Who is responsible for what? And on average how much does it cost?
TIA |
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Extreme Veteran
Posts: 451
| From an owner's standpoint, leasing is VERY RISKY and many are quite hesitant to do so...especially for higher end caliber horses. As an owner, I don't have any guarantees at the end of said lease that my horse won't be blown up, have bad habits on the pattern, develop health issues, etc.
I know for the show jumping industry (I have friends who have leased higher end 3 day eventing/stadium jumping horses before), it's typically a flat monthly rate (dependent on caliber of the horse), and 20% minimum winnings. The horses are always insured - no question, and there is strict writing on how they are fed, maintained, worked out, shown, etc. Keep in mind, this is an individual who has a name and record in the industry and does this for a living. Her name speaks for itself.
Again, super risky for owners and many are not willing to take that kind of liability on. I wish your friend the best of luck though. Interested to hear what she finds! |
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 Shelter Dog Lover
Posts: 10277
| Too many variables to know costs, leases are hard to find, some lease for a set monthly amount, some lease for amount plus % of shy winnings. Typically the one leasing is responsible for all costs and must carry insurance on the horse. |
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Mrs. BigWig
Posts: 1868
Location: chasing kids and animals | CowgirlUp22 - 2017-06-21 3:18 PM
From an owner's standpoint, leasing is VERY RISKY and many are quite hesitant to do so...especially for higher end caliber horses. As an owner, I don't have any guarantees at the end of said lease that my horse won't be blown up, have bad habits on the pattern, develop health issues, etc.
I know for the show jumping industry (I have friends who have leased higher end 3 day eventing/stadium jumping horses before), it's typically a flat monthly rate (dependent on caliber of the horse), and 20% minimum winnings. The horses are always insured - no question, and there is strict writing on how they are fed, maintained, worked out, shown, etc. Keep in mind, this is an individual who has a name and record in the industry and does this for a living. Her name speaks for itself.
Again, super risky for owners and many are not willing to take that kind of liability on. I wish your friend the best of luck though. Interested to hear what she finds!
Thank you for your information. |
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Extreme Veteran
Posts: 451
| Not a problem. Again, wishing her the best of luck!  |
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 Expert
Posts: 1857
| I've got a horse leased out to a young girl right now. Second year for them to lease him and they are in another state. They carry insurance on him and are responsible for all maintenance. I do not charge a monthly fee, mainly because I wasn't using the horse at the time and it saved me money on feed and maint, plus they have sent horses to me to fix and tune plus lessons for them and other people.
The hardest part is going to be finding someone to lease from and getting the right caliber of horse. If she does find someone, she needs to make sure she understands all that is expected from her and that both parties understand and accept the risks that go with it. She needs to get insurance on the horse, regardless if the leasor requires it or not. It is much cheaper to have it if something were to happen. Make sure that she likes the leasor because its going to be a very important relationship during the lease, constant contact and updates are usually required. |
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 I'm Cooler Offline
Posts: 6387
Location: Pacific Northwest | I leased a horse from a really good friend. She was going to school 4 hours away but her mom lived close to me. We still did a contract of course. They provided grain and money for things like deworming and vaccinations but I took care of everything else. I think in the agreement it said I would be responsible for vet bills. I don't remember it as awhile ago and after leasig for a year I bought her.
I didn't pay a monthly fee. Pretty much I had a free horse with a contract stating I had to give her back at a set date. |
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Mrs. BigWig
Posts: 1868
Location: chasing kids and animals | Thanks guys, I will pass along the info. |
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