Pricing lease horses?

[heelsdownlibby]

I have two horses I am leasing out, and a few people interested, but unsure on where to start for pricing it! Should the leaser pay the owner or the barn? What all should they be required to cover?

Horse 1- 12yo 15.1hh anglo arab mare for in barn lease, shown 3’ in all three rings, schooled 3’6 with competent ammy, safe enough for a kid but has a motor. Lives outside, barefoot, no maintenance. I was thinking cost of board, farrier, and routine vet care + lessons with onsite trainer, owner pay for SmartPaks and insurance, and split anything emergent. Does this sound typical? Comes to about $450/mo from leaser?

Horse 2- 16yo 18hh Hanoverian, shown through 1.30m but this past year did the 1.15m high adult jumpers and the year before the big eq with owner. She’s super educated on the flat, most recently her owner showed her 1st level at their first dressage show and scored in the 70s! But she requires more maintenance. Adequan, shoes on all four, we did stifle injections in March. She has a stall, has to be clipped in the winter, gets Magnawave and Theraplate regularly (which aren’t necessities but she really benefits!) We wrote the numbers and she costs $1,100/mo to keep without training or lessons. If we sold it would probably be a $20-25k price tag, so 20% of that for an annual lease? Should an off site leaser be expected to pay for all care costs? What about something emergent? Horse is insured for emergency surgery but there would be a deductible.

[Didi]

I currently lease a horse and have leased in the past. I have had both of your scenarios. One was a “free lease” on site, meaning that I did not pay the owner any additional monies. I was responsible for ALL expenses, including training, barn fees, vet fees, farrier, supplements, anything you can think of. I was also required to keep a mortality and major medical insurance policy naming the owner as beneficiary. I thought it was a great deal. (Incidentally, the horse ended up having some expensive medical issues unknown at time of lease and not due to accident and I was responsible for those, too.)

My current lease is an “off site” lease. The terms are the same as above except I have to pay the owner a monthly fee of $950. The owner asked for a month-to-month lease. Most are a year at a time. The lease also specifically spelled out terms such as two Adequan series a year and special shoeing requirements to be paid for by me. Again, I feel happy to oblige and feel I got a deal for this particular horse.

Hope this helps.

[rockonxox]

If you own the horses they should be paying you, not the barn… I’m thinking you are the barn owner or trainer based on how you worded this saying “her owner” and “we”? Are you planning on offering full lease or part lease? If only a part lease then you definitely need to include specifics on that in the contract. I think that $450/mo (if all of what you listed is included and that is not just a base price) sounds low for a full lease of a nice consistent 3’ horse with ability to go higher. Also, a good rule of thumb is 1/3 of the purchase price so don’t sell yourself short with 20%. Off site leaser usually pays for all costs, but that is up to the leaser and leasee… since this horse requires more maintenance that can be less attractive of a situation and those extra costs should be considered in the lease fee. Everyone has different ways to do emergency care - up to the owner on what they think is reasonable. I’ve seen multiple ways, but whatever you do just make sure it is in the contract to a tee.

[Lucie_Too]

I am packing up and moving to Oklahoma if

cost of board, farrier, and routine vet care + lessons with onsite trainer

is $450/mo :lol:

[twoscompany]

@Lucie Too

I am packing up and moving to Oklahoma if

is $450/mo :lol:

I’m clearly in the wrong part of the country… Can I join?!

[blondewithchrome]

Typically, if you lease the horse out FULLY, leasee pays you directly then pays for everything as if it is their own horse. If said horse happens to stay at your barn, then the payments just go from you to the leasee.

If you lease horse #2 out to an outside barn, I’d expect leasee to take over everything - maintenance and routine stuff too. Write that in your lease agreement.

In in my neck of the woods, leases typically run 20-30% of purchase price. Some more, some less.