Albuquerque New Mexico Performance Horse Lease Agreement
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How to fill out Albuquerque New Mexico Performance Horse Lease Agreement?
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FAQ
You can typically expect to pay anywhere from half to all of a horse's board. You may also share in vet and farrier fees. What is this? If you do a full lease, the owner may require you to invest in horse insurance.
Leasing a horse is nearly always less expensive than buying one. It's a relatively low-cost option between owning a horse outright and using a rotating carousel of school horses at the stables. You get the consistency of riding one horse without much of the expense.
What care is the lessee responsible for providing? A lease agreement should specify who is responsible for ensuring the horse receives adequate shelter, feed and water, grooming, exercise, farrier care, dental care, and veterinary care, including vaccines and deworming.
It can be a beneficial way to save money on board, feed, vet bills, etc., and it can be great for your horse if your own saddle time is limited. With respect to the lessee, a half lease can act as a steppingstone into horse ownership. However, it's not an agreement that should be taken lightly.
Full-Lease In the full lease situation, the lessee usually pays for all of the horse's costs, such as boarding, feed, veterinarian bills, and farrier bills, in return for being able to use the horse whenever the lessee wants. This situation is the most akin to horse ownership.
A partial lease arrangement, also known as a half lease, usually provides you with the ability to ride the horse you are leasing during certain days of the week. In a partial lease, you will be sharing the horse with another rider or the owner.
Leases can be anywhere from $200 a month to $1,000 a month. If you're doing a partial or half-lease, a good starting point is half of the monthly board.
For a full lease, the lease fee is most often about 25% ? 30% of the horse's entire perceived value paid annually. So, for a horse worth $10,000, you can expect a lease fee of around $2500 yearly.
In the full lease situation, the lessee usually pays for all of the horse's costs, such as boarding, feed, veterinarian bills, and farrier bills, in return for being able to use the horse whenever the lessee wants.