And finding a sharer doesn’t have to be daunting; it can be as easy as asking friends if they know anyone suitable, posting a request on social media or an online Equine forum, or taking out an advert.
How does a
half lease
on a horse work?
It’s called the “half lease.” In this type of agreement, the owner of the horse or lessor splits the horse’s care expenses and riding time with a lessee 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.
What is a horse sharer?
The horse will remain at the yard of the owner’s choice and all management decisions remain that of the owner. They do however seek to build a partnership with another like minded equestrian This person is the ‘sharer’ and they will be given a set number of days per week where they can care for and ride the horse.
How do you loan a horse?
-
Always view and try the
loan horse
before agreeing to the loan - Make sure you get on with the owner
- If possible have the horse on trial for an agreed period before the loan commences.
- Always finalise and sign the loan agreement before the loan commences.
Do I need insurance to share a horse?
Insurance is an absolute must-have It’s essential to ensure both the horse and sharer are covered. Usually the owner takes responsibility for covering the horse while the sharer takes out suitable cover for themselves, but discuss and agree this beforehand.
Should you let someone else ride your horse?
Never let anyone, even the most
talented rider
, on your horse unless you are carrying insurance that will cover you in the event that the rider should get hurt You never know what will happen when working with even the most trustworthy horse, so insurance is a must to protect yourself.
Is it better to buy or lease a horse?
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.
How long should you ride before leasing a horse?
How long should you ride before leasing a horse? It’s best to be in a lesson program (1 day/week) for at least one year before considering leasing. You should be comfortable at the walk, trot, and canter, and be able to ride alone.
Should I half lease a horse?
The benefit of half-leasing is that generally you’re not responsible for the cost of injury (depending on the your agreement with the owner). If the horse you’re riding inevitably injures itself trying to donkey kick the horse three paddocks over, you may be able to hop on another horse and keep learning.
How does a pony share work?
Essentially a horse share is what it says on the tin. A horse owner is looking to split the costs and responsibility of owning a horse with someone who is a keen horse lover In most circumstances, the owner is looking to horse share due to a shortage of finances and time able to be spent with their horse.
Can you share ownership of a horse?
Often, horse co-ownership agreements will allow each co-owner to insure their respective share in the horse and they are responsible for the cost of the same Responsibility for taking out third party liability insurance should also be included in the agreement.
What does loaning a horse include?
Loaning a horse with a view to buy: This is where a horse is loaned out to a potential buyer to ensure the horse and new owner are happy before the actual sale of the horse This could be on the horse’s current yard or a potential new yard.
Can I borrow a horse?
You can rent a horse by the day from commercial equine facilities or individual owners Renting a horse is beneficial by giving novice riders a chance to get accustomed to horses, and for prospective buyers, it allows them to try a horse before committing to purchase one.
What is the difference between leasing and loaning a horse?
Loaning or borrowing horses can give rise to disputes and can be a fairly sure way to lose friends. Leases are generally employed in the case of competition or stud animals, fees are negotiable depending on the animal’s ability, productivity etc.
Can you insure a horse on loan?
There are a couple of options for horses on full loan. If the horse is already insured through his owner, they’ll simply need to let the insurer know about the
loan arrangement
you have so that they cover you as well as the owner. The other option is to take out your own insurance to cover you and your loan horse.
What does sharing a pony mean?
Sharing a horse is where the horse owner forms a partnership with another rider to share the riding and sometimes other duties involved in caring for the horse.
What do I need to know before leasing a horse?
- Common Horse Lease Arrangements.
- Figure Out What Type of Lease Arrangement You Prefer.
- Find a Horse to Lease That Matches Your Abilities.
- Ask Questions to Learn Important Information About the Horse.
- Test Ride the Potential Lease Horse.
- Get Your Lease Arrangement in Writing.
What should be included in a horse lease agreement?
lessee and owner share portions of the care, the lease agreement should specify who is responsible for each type of expense (such as board, feed, medical care, farrier care, dental care, et cetera). The lease agreement should also specify how expenses are paid.
What is a full loan?
A whole loan is a single loan issued to a borrower Whole loan lenders may sell their whole loans on the secondary market to reduce their risk. Instead of holding a loan for 15 or 30 years, the lender can recoup the principal almost immediately by selling it to an institutional buyer such as Freddie Mac or Fannie Mae.
How much is a horse?
To buy a horse, you can expect to pay between $100 – $10,000 , depending on the horse breed’s pedigree, how you are planning to use the horse, and your location. The average cost of a hobby-horse is about $3,000. According to Seriously Equestrian, the most expensive horse breeds can cost up to $250,000.
What does Project pony mean?
A horse that has just been out of work for a while can be a reasonable prospect for a “project,” assuming it was well-broke and fairly well-trained in the basics before it had the time off.
What does Lwvtb mean?
Purchasing a Loan With a View to Buy (LWVTB) Agreement that is tailor made to the horse can be invaluable in preventing a dispute and reducing the likelihood of your agreement falling through.
How do you make horses pay for themselves?
- Board Horses In Your Own Stable. You’re already boarding your horse, so why not board some others as well? .
- Offer Riding Lessons
- Charge for Braiding Services
- Rent Out Your Horse Arena
- Exercise Horses
- Horse Stable Cleaning Services
- Pasture Care
- Transport Horses to Events.
What does a free horse lease mean?
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. Everyone wins. The owner has good care for the horse they love.
Do you have to own a horse to be an equestrian?
Precious few equestrians are lucky enough to have their own horses from the start While many riders will acquire a horse along the way, some of us continue riding and never own a horse of our own.
What’s the best age to buy a horse?
The best age to buy a horse is typically between 5-16 years old , as this is when a horse will be in its prime. Typically, younger horses are not a good match for first-time owners as they generally are not experienced enough yet.
How much should I spend on my first horse?
Those looking for a first-time horse will probably need to have anywhere from $1,500 to $3,000 in their budget for the purchase. You may be able to find a gem for less than this, but having that amount will give you the greatest number of choices. The more you have to spend, the more choices you will have.
What kind of horse is good for beginners?
- American Quarter Horse. RichLegg / Getty Images
- Arabian. Julia Moll / Getty Images
- Thoroughbred. Mint Images / Getty Images
- American Paint. Tracey Vivar / Getty Images
- Morgan
- Kentucky Mountain Saddle Horse
- Missouri Fox Trotter Horse
- Icelandic Horse.
Why would you lease a horse?
The arrangement, essentially a formal rental agreement between an owner and a rider for a horse’s use, has shown signs of gaining ground in these economically challenging times. At its most basic, leasing a horse is a way for an owner to reduce the cost of her horse’s care without selling him or taking him out of work.
How do I end my horse lease?
If you are leasing a horse, the terms of that lease should be set out simply and clearly in writing and agreed by both parties, either by signature or email acknowledgment That lease agreement will include a termination date for the lease. Leases are often for six months, one year, or even two years.
How does it work to lease a horse?
Full Leasing a Horse 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.
What are the benefits of leasing a horse?
- You have less financial responsibility
- You are not bound to that specific horse
- You can choose how much time you commit to the horse
- You have less freedom
- You are responsible for the well-being of someone else’s horse
- A lease fee can add up
- Freedom! .
- You are the horse’s primary rider.
What do you get when you lease a horse?
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.
What should be in a horse lease agreement?
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.
Sources
https://www.kingstonridingcentre.com/Share-a-Horse
https://www.horsemart.co.uk/Horses-for-Loan
https://www.petplanequine.co.uk/my-petplan-equine/lending-legal-matters.asp