Leasing out a horse

Blistering Winds · 02-18-2005, 03:25 PM

Ok, my turn to ask questions on this subject.

Ok, here are the terms.

He's going to pay 100% for all care, including veterinary, farrier, and anything else, like this is HIS horse.

NO shoes will be put on him...(will be in agreement).....without first discussing with me, but he only has one horse with shoes, and that horse wears his feet down to nubs if not shod. That horse is a cutter, and he wouldln't DARE rope of of him.

The Fee is written. 400 per month for training from the training contract, in the lease, it is 400 paid to training. Plus it is currently blank as he will be paying my insurance for Blister once that quote is finished. We should hear on a quote by Tuesday, so hte lease agreement wont be finished till then....but between his wife and me, we are getting things ironed out.

IF in the event the horse is injured to the point of loss, or killed, the total "replacement" cost of 10,000 will be paid. What the insurance doesn't pay out, he will be responsible for. (is in the lease).

Any and all "vet" decisions will be made by me, at THEIR cost. (she actually is putting that one line in the lease!)

The lease will be going to the lawyer on Tuesday after the insurance quote is secured and legalized there.

Anything else I'm missing that I need in there?

Blistering Winds · 02-18-2005, 03:27 PM

I'm still in awe that Blister "appraises" as high as 8,000. But I guess a great youth horse is worth the money! I've had him appraised 2 yrs ago at 5,000. Guess he went up in the 2 yrs!

madvoice · 02-18-2005, 04:26 PM

I think you're being very sensible writing the lease agreement and getting it certified by a lawyer. It seems like you're very switched on.

mustang_dodger · 02-18-2005, 07:05 PM

i would also put in there where he can be ridden and where he can't. like if he can go to shows or on trail rides. things like that.

Blistering Winds · 02-18-2005, 07:08 PM

Well, he has full rein on where to ride. Mostly will be at roping practices and jackpots.

mustang_dodger · 02-18-2005, 07:12 PM

oh i see know. i just though that would mension that. cause my friend had a problem with some that leased her horse on a riding issue.

02-18-2005, 03:25 PM	#1
Blistering Winds Senior Member+ Join Date: Oct 2003 Location: Augusta, Kansas Posts: 32,425 Images: 864 Blog Entries: 18	Leasing out a horse Ok, my turn to ask questions on this subject. Ok, here are the terms. He's going to pay 100% for all care, including veterinary, farrier, and anything else, like this is HIS horse. NO shoes will be put on him...(will be in agreement).....without first discussing with me, but he only has one horse with shoes, and that horse wears his feet down to nubs if not shod. That horse is a cutter, and he wouldln't DARE rope of of him. The Fee is written. 400 per month for training from the training contract, in the lease, it is 400 paid to training. Plus it is currently blank as he will be paying my insurance for Blister once that quote is finished. We should hear on a quote by Tuesday, so hte lease agreement wont be finished till then....but between his wife and me, we are getting things ironed out. IF in the event the horse is injured to the point of loss, or killed, the total "replacement" cost of 10,000 will be paid. What the insurance doesn't pay out, he will be responsible for. (is in the lease). Any and all "vet" decisions will be made by me, at THEIR cost. (she actually is putting that one line in the lease!) The lease will be going to the lawyer on Tuesday after the insurance quote is secured and legalized there. Anything else I'm missing that I need in there? __________________ Can I have a midlife crisis now?

02-18-2005, 03:27 PM	#2
Blistering Winds Senior Member+ Join Date: Oct 2003 Location: Augusta, Kansas Posts: 32,425 Images: 864 Blog Entries: 18	I'm still in awe that Blister "appraises" as high as 8,000. But I guess a great youth horse is worth the money! I've had him appraised 2 yrs ago at 5,000. Guess he went up in the 2 yrs! __________________ Can I have a midlife crisis now?

02-18-2005, 04:26 PM	#3
madvoice Senior Member+ Join Date: May 2004 Location: Humpty Doo, Northern Territory, Australia Posts: 11,328 Images: 281	I think you're being very sensible writing the lease agreement and getting it certified by a lawyer. It seems like you're very switched on. __________________ Sep 1997 - 15 Jan 2006 ~Fry Baby I'll Miss You~ I'm not a complete idiot.. Some parts are missing Owner of a lazy TB This is my shiny thing, and if you try and take it off me, I may have to eat you!

02-18-2005, 07:05 PM	#4
mustang_dodger Senior Member+ Join Date: Sep 2004 Location: sterlins illinois Posts: 18,249 Images: 561	i would also put in there where he can be ridden and where he can't. like if he can go to shows or on trail rides. things like that. __________________ Proud owner of Smart Devil a registered appendix and registered paint mare Eye's White Feather.

02-18-2005, 07:08 PM	#5
Blistering Winds Senior Member+ Join Date: Oct 2003 Location: Augusta, Kansas Posts: 32,425 Images: 864 Blog Entries: 18	Well, he has full rein on where to ride. Mostly will be at roping practices and jackpots. __________________ Can I have a midlife crisis now?

02-18-2005, 07:12 PM	#6
mustang_dodger Senior Member+ Join Date: Sep 2004 Location: sterlins illinois Posts: 18,249 Images: 561	oh i see know. i just though that would mension that. cause my friend had a problem with some that leased her horse on a riding issue. __________________ Proud owner of Smart Devil a registered appendix and registered paint mare Eye's White Feather.

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