New Jersey Performance Horse Lease Agreement
Description
How to fill out New Jersey Performance Horse Lease Agreement?
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FAQ
Leasing a horse is nearly always less expensive than buying one.Leasing often allows riders of all levels to get a better quality horse than they might buy. Horse owners don't usually sell their best or most promising horses, but do lease them out when they don't have time for them or need some extra income.
A free lease means that the horse is leased to someone without any payment to the owner. When you have a free lease you retain ownership and control of your horse but your horse, in best case scenarios, is still cared for and loved.The owner has good care for the horse they love.
When you full lease a horse you pay an agreed upon fee for exclusive access to the horse. This means you are the only one riding the horse. It won't be used for lessons, the owner will not ride it, and you'll be responsible for making sure the horse gets the attention & exercise it deserves.
FULL LEASE: For $400 per month, you will have full, exclusive use of the horse. Full-leases require that you also pay to the costs of routine farrier and health care, which will vary according to the horse's needs.
Generally, the cost of a full lease for a year will range from 25 to 30 percent of the horse's value?in other words, about $2,500 for a horse worth $10,000. Although that still may seem a sizeable investment for a budget-minded rider, it's a practical way to have access to a worthwhile horse.
Leases are usually paid for monthly, and can cost anywhere from fifty dollars per month to hundreds per month (again, depending on what is included).
The advantage of leasing is that you get all the benefits of horse ownership without the full financial commitment. Also, you get the benefit of horse ownership without the responsibility of having to make big decisions as far as the horse's health and well-being.
Generally, the cost of a full lease for a year will range from 25 to 30 percent of the horse's value?in other words, about $2,500 for a horse worth $10,000. Although that still may seem a sizeable investment for a budget-minded rider, it's a practical way to have access to a worthwhile horse.