horses leases what is exactly meant by leasing a horse?

Question

i have heard of people leasing horses, but what does that mean exactly?

Answer 1

like an apartment, you lease the USE of the animal. you feed it, take care of it, ride it. when you decide to forget about riding horses, you don't have to worry about selling the horse. when the lease is up, you can walk away.

Answer 2

The other posters are correct, a lease means that you are gaining the use of some function of the horse without gaining an ownership interest.

A lease can be very informal-- I leased a Thoroughbred gelding as a riding horse for a year while his owner was pregnant, and it was just a verbal agreement between us that I would pay board and shoeing etc. and in return could ride the horse. It worked out well for both of us; by the time the horse's owner was ready to resume riding him, I was wanting to move on to a horse that could do more.

Horses can also be leased for breeding purposes. The great Italian racehorse and stallion *Ribot came here to Darby Dan Farm on what was supposed to be a 5-year lease; but when the time came for the horse to be returned to Italy, he was deemed too dangerous to put on a plane for the journey back (*Ribot was a notoriously aggressive stallion and was very dangerous for even experienced horsemen to handle.). So his outright purchase was then negotiated.

Recently, there have been some outfits that have experimented with the purchase of very high-quality mares, which they then lease to clients for breeding purposes. The lease is structured in a way that is supposed to give the client a tax shelter. This hasn't always worked out well; the IRS raided one farm that was doing this, and ultimately the mares were sold at a dispersal sale this fall.

If you do lease a horse, I recommend that you get a written lease agreement that specifies who pays for what, what responsibilities you as lessee and the owner as leasor have, the duration of the lease, what happens if one of you wants to terminate the lease before the end is up, and what happens if the horse suffers injury or illness that leads to loss of its useful qualities (i.e., it becomes unusable for the purposes for which you leased it).

Leasing can be a good move, but it also can lead to problems if things aren't clearly spelled out.

Answer 3

Sounds the same as leasing a car. You basically rent the horse. You don't own it but, you feed it,pick up after it,pay to take care of it.Cheaper in the short term but, more expensive in the long run.

Answer 4

They got it right. It's generally done by someone who doesn't have the time for their horse but might in the future. It's an excellent chance to show a high level horse you might not afford otherwise, or stay in shows if your horse is recovering from something, or to try different things with horses trained in different disciplines.