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Benefits:
Income
In most lease arrangements, the lessee pays the owner a
monthly fee, and the horse owner can use those funds to
help offset the cost of keeping the horse.
Grooming,
Exercise and Training
Maybe you’re not getting out to the barn every day,
and your horse is climbing the walls of his stall. Maybe
his mane looks like a Thelwell pony, but you don’t
have the energy and time to do anything about it.
Perhaps your horse is green and you don’t have the
time and energy to finish his training. Depending on
your lease agreement, your lessee may be able to help
serve these needs.
A
New Horse Buddy
Tired of that glazed look on your spouse’s face when
you mention your horse? Depending upon your relationship
with your lessee, you may have a companion to go with
you to horse events and take pride in your horse’s
progress.
Risks:
Training
Each person rides differently and brings a different set
of beliefs and experiences with them to the barn. If your lessee’s riding and training style is different from yours, it could undermine some of your
own training efforts. See
Steps to Take in Leasing Your Horse for tips on
minimizing this risk.
Injury
to Your Horse, Your Property or Others
Even if your lessee is an experienced horse person who treats your horse with lots
of TLC, accidents will probably happen. To help minimize
these types of risks, make sure that your lease agreement spells out any specific care your horse
requires and who will be responsible if anything happens to your horse, your
equipment, the lessee or anyone else.
The
Lease May Not Ultimately Work Out.
Even if you follow all of the
Steps
to Take in Leasing Your Horse, your lease
arrangement might not end up being long term. Maybe your
lessee has to move away from the area or maybe he loses
interest. Maybe you suddenly have more time to ride or
want to send your horse away to a trainer. In any case,
your lease agreement should cover all of the
circumstances under which either party can terminate the
agreement and how the termination should work.
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