Leasing a Horse – Do I need a Leasing Agreement?

Deciding to lease out your horse can be incredibly tough. We understand handing the reins over to someone else is a daunting process. Similarly, taking responsibility for another person’s horse can be intimidating too!

Common Concerns When Leasing a Horse

Who is responsible for vet care? What happens if they don’t look after my horse the way I want? What if they want to buy my horse at the end of the lease? What if I want my horse back early? What if my financial situation changes and I can’t care for their horse anymore? All of these questions can be dealt with by arranging for a carefully drafted Lease Agreement to be signed.

The Importance of a Formal Lease Agreement

A formal Lease Agreement ensures both parties are protected if something goes wrong, or if someone changes their mind. You may agree to lease a horse, and realise the horse isn’t suitable for your needs, or that you just don’t have the time you thought. You may be leasing your horse out and want to bring them home after seeing their condition deteriorate, or you may be forced to sell your horse for other reasons. In any situation, you need a formal Lease Agreement in place to ensure that you, and the horse, don’t end up in a sticky situation.

Key Elements of a Horse Lease Agreement

When drafting your Lease Agreement, we will take into consideration all of your wishes and requirements for your horse which can include:

1. Length of the lease

2. Whether payments are made under the lease

3. Minimum care requirements

4. Specific feed requirements

5. Limitations on travel

6. Restrictions on events/disciplines

7. Clauses around terminating the lease

8. Clauses on purchase at the end of the lease.

Along with anything else you may require to put your mind at ease.

Get in touch with our team today for a free, no-obligation consultation to find out about your options for a Leasing Agreement.