Suffolk New York Performance Horse Lease Agreement

Name: Suffolk New York Performance Horse Lease Agreement
Brand: US Legal Forms
Rating: 4.78 (330 reviews)

Category:

New York Animals - Horses

State:

New York

County:

Suffolk

Control #:

NY-21-06

Format:

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Description

This is a performance lease agreement related to a brood mare. It is used when the lessee desires to lease another person's horse for the purpose of riding or showing the horse in competitions. It includes provisions for lease payments, permitted uses, care and maintenance, risk of loss, insurance and assumption of risk.

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FAQ

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.

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.

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.

HALF LEASE: For $200 per month you have a horse of your own three days each week, including preferred use of that horse for your riding lessons, camps and clinics. You must still take your regular riding lessons during your lease period, and riding times may be specified as daytime or evening.

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.

The leasing cost will always coincide with the specific type of lease entered and any additional agreements made between you and the horse owner. However, you will typically pay ?about 25% ? 30% of the horse's entire perceived value paid annually? for a full-lease agreement.

Full versus partial lease. A full lease means there are no restrictions on when the lessee can ride or otherwise use the horse. In a full lease, the owner typically does not use the horse. A partial lease, sometimes called a half lease, means the lessee can use the horse only part of the time.

There's not always a lease fee on shared leases, and if there is, it's usually much less than on a full lease. 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.

Full Lease vs. With a half lease, you typically ride the horse 3 days a week (many owners require one ride to be a lesson). Another rider will have the horse for the other 3 days. With a full lease, you'll get either 5 or 6 days of riding each week (again, many owners may require a weekly lesson).

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Suffolk New York Performance Horse Lease Agreement

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Is Half leasing a horse a good idea?

Who pays for what in a horse lease?

What is a 1/2 lease on a horse?

How much does it cost to partially lease a horse?

What should be included in a horse lease agreement?

What do you pay for when leasing a horse?

What are the different types of horse leases?

How do you determine the lease price of a horse?

How does a horse lease work?

Is Half leasing a horse a good idea?

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Who is responsible for the horse's care and maintenance during the lease period?

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