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 Veteran
Posts: 175
 
| Now that my good horse is laid up for a year or more, my trainer has hooked me up with a horse to lease for the season. He is owned by a young girl who I believe is losing interest in riding though her mom thinks otherwise. Anyway, he is a nice big gelding, needs to get in shape but I've ridden him twice and like him a lot. My question is, what is important to include in the paperwork for a half time lease? She is willing to let me ride 2 - 3 x a week and haul to 1 - 2 local shows per month. Anyone have a sample lease agreement for this type of thing? | |
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 Expert
Posts: 2097
Location: Deep South | You need to specify everything! Even if it means that document ends up being 5 pages long. Who is responsible for: board (if applicable), feed, hay, farrier, worming, vaccines, vet bills (if applicable). Will insurance be taken out on the horse, if so how much, who will be the policy holder, who will pay for the insurance?
As for the vet bills, if the horse is hurt while she's running it will you be expected to pay half of the bill? If the horse is hurt while you are running it will she be expected to pay half?
Basically leave nothing as, "oh that's just common sense." Write it all down, no matter how much you know/trust these people.
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Expert
Posts: 1543
 
Location: MI | BamaCanChaser - 2014-04-23 7:57 AM
You need to specify everything! Even if it means that document ends up being 5 pages long. Who is responsible for: board (if applicable), feed, hay, farrier, worming, vaccines, vet bills (if applicable). Will insurance be taken out on the horse, if so how much, who will be the policy holder, who will pay for the insurance?
As for the vet bills, if the horse is hurt while she's running it will you be expected to pay half of the bill? If the horse is hurt while you are running it will she be expected to pay half?
Basically leave nothing as, "oh that's just common sense." Write it all down, no matter how much you know/trust these people.
Ditto! I would, personally, also state who has first option to ride or a schedule for when the horse would be 'yours'. I could see the horse getting in shape, girl wanting to ride more, and there possibly being issues. I ere on the side of more documentation is better than less, to keep everyone on the same page.
Does your trainer have anything? | |
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Elite Veteran
Posts: 1131
| Second all of this. I have been ripped out of one too many deals because of loopholes in the paperwork. Lost out on showing a world champion gelding several years ago, who I put all the training on (He's lame and worthless now, but still). Better be safe than sorry. You can never have too much information in the contract. | |
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| Here's one:
http://equine2.com/static/FullTimeLeaseAgreement.pdf | |
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Veteran 
Posts: 260
| You can get insurance on leased horses. It helps to have a lease agreement signed by both parties. Doesn't have to be real formal but one in place is good. | |
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