If you're planning to look for a lessee, then you'll definitely want to check out these steps for successfully leasing out your horse.
You may choose to lease out your horse for any number of reasons. Leasing out your horse can be a great way to give your horse a job if you're not riding him or don't have time to ride regularly. It can also help to reduce the financial burden of owning a horse.
But before you lease out your horse, check out these steps to ensure that the lease is a successful one.
Ask Detailed Questions
Start off by asking anyone who's interested in leasing your horse detailed questions about their experience, their riding skills, and what they are hoping to do with your horse. Ask whether the lessee will be in a regular lesson program (and remember, you're in charge here - you can require that they take a certain number of lessons on your horse monthly).
Find out details about how much activity your horse will be doing, whether he'll be leaving the farm, whether he'll be shown, and exactly who will be riding him.
Ask for and Check References
When considering a potential lessee, ask for references, including a trainer, vet, farrier, and any other relative references. Then, take the time to call the references and ask them questions you may have about the lessee's experience, knowledge, and more.
Have the Lessee out for Some Test Rides
Have the lessee out for at least one or two test rides on your horse. During the test rides, the lessee should do everything, including bringing the horse in from turnout, grooming, tacking up, riding, and untacking the horse afterwards.
This can give you a sense of how comfortable the rider is working around horses, and can quickly inform you about how well the lessee and your horse may get along.
Visit the Barn Where Your Horse Will Live
If you will be allowing your horse to leave your farm for the lease, then make a visit to the barn where he will be staying.
Make sure that the facilities are safe and acceptable. If they're not, then you should require that your horse stay on-farm or live at a different facility.
Draw up a Detailed Lease Contract
When leasing out your horse, a detailed lease contact is vital. The contract should be as detailed as possible and should outline facts such as who may ride the horse, how often the horse may be ridden, procedures the lessee should follow in a medical emergency, who is responsible for what bills (including emergency medical bills), how and when the lease may be terminated, whether the horse may be taken off property to be shown, and more.
Both you and the lessee should sign this contract.
Check in Regularly
When your horse is out on lease, make a point to check in on him on a regular basis. Checking in at least once a month will allow you to monitor your horse's health and to spot potential problems before they become significant issues.
Leasing out your horse requires some planning and vigilance, but with some work on your part you can increase your chances of successfully leasing out your horse.