What are some things that you think are important to include in a half lease contract?
For example…
Is it usually month to month?
Are there stipulations about care expectations?
Lessons required?
Showing?
Changing days around?
What expenses are usually shared? I assume board and farrier, but what about other stuff like supplements? Injections? Fly spray?
I lease my horses out under this standard
1 days week per month -$125
2 days a week per month - $250
3 days a week per month -$350
The price includes everything (par of board, shoeing, equipment, supplements, etc.
Under these basic rules.
- I do not want riders who come, ride, & leave. They must be turned out or hand walked for at least 20mins after being ridden.
- On your day(s) it is your responsibility to clean the horse’s water buckets.
- I cannot give you make up days. I do not control the weather, or if you go on vacation. The horse will be there and our board is already paid for the month. (Also, board is due the first week of each month) The full amount is due whether or not you can ride.
- You must sign a lease agreement.
- I need to know if you are not coming, so I can have them taken care of.
- New leasers must ride in the arena only for the first month, to make sure that there are no issues.
You have to pick a day. So say like you chose Mondays to ride, the whole day is yours to ride. No one else will be there for the horse. (Hence why i need to know if they aren’t coming)
I only require lessons if I feel they need them, and we aren’t a show barn so that i wouldn’t know about. I expect a lot from my leasers because I keep my horses under excellent care and want them to stay that way.
I have half leased my horse(s) multiple times and for the most part, had very positive experiences.
My contract is modified each time to a certain extent based on the circumstances–most specifically, based on the age and experience level of the person leasing. I have leased to adults and to minors, experienced and inexperienced.
Bottom line though, I like to cover certain bases such as:
-which days for use
-what tack may be used
-who may ride the horse/supervision if necessary
-I always do a couple of rides together to start but specify a minimum of 3 supervised (by me) rides in my contract.
-I specify if the horse may do jumping or not–typically not without a trainer present for the less experienced.
-I cover where the horse is to be worked–IE: can’t take horse off property without permission.
As for cost, I do it flat rate. I figure out how much I pay in a year on farrier, vet, and routine stuff. I factor in board. And then I charge a set rate and I directly organize and pay for all of that.
I typically have a clause in my lease about injury. IE: if there is a major injury as a direct result of the actions of the person leasing, they are liable for up to X amount in veterinary care. But at the end of the day, it’s my horse and I’m going to do what I need to do.
Since I require that my tack be used, I also have some verbiage in my lease about damage to equipment.
I also put barn rules in the contract such as about fences, water, lights, etc so that it’s quite clear.
And yes, month to month. I have only terminated a lease once due to problems and in that case it was a minor whose parents kept leaving her unsupervised (against contract) and she kept doing dangerous things despite my repeated intervention.
[QUOTE=BuddyRoo;8231071]
I typically have a clause in my lease about injury. IE: if there is a major injury as a direct result of the actions of the person leasing, they are liable for up to X amount in veterinary care. But at the end of the day, it’s my horse and I’m going to do what I need to do.
Since I require that my tack be used, I also have some verbiage in my lease about damage to equipment.
I also put barn rules in the contract such as about fences, water, lights, etc so that it’s quite clear.
And yes, month to month. I have only terminated a lease once due to problems and in that case it was a minor whose parents kept leaving her unsupervised (against contract) and she kept doing dangerous things despite my repeated intervention.[/QUOTE]
^^^ yep all this too.
Half leasing a horse currently. I have 3 days a week - a basic schedule but owner and I are both flexible when non-horse schedules intrude.
I pay 1/2 board, and 1/2 vet, farrier, etc. We don’t nickel and dime stuff, however. She allows me to show locally.
Happy that I’m working with a trainer, but not required.
It is month to month, I have to give 30 days notice. She does not.
Limitations on who else can ride - basically only trainer.
No tack requirements, etc.
We have been doing this for over a year, working out great, we have gotten to be friends.
