Advice on Leasing out a Schoolmaster

Squeak

Squeak

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My horse is a genuine, one in a million schoolmaster. I was thinking of just loaning him but thought if I leased him that I could put the money into a fund for his retirement or vet fees etc for when/ if he comes back.

What are people's experiences with leasing? Does it effect insurance etc? What would be a reasonable amount to ask? Or am I just being completely unrealistic to think of leasing?

Thanks in advance for any help.
 
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If someone will pay the lease fee as well as full costs then why not? We leased my daughter's first pony for 2 years (and then bought him because we couldn't let him go.) Although I personally wouldn't lease him now because I like to know where he is and how he is cared for he does have sharers as he is too good not to continue his job.

Insurance depends on the age of the animal but it is probably simpler for you to retain the insurance and have the leasee re-pay you the full cost.

Cost - depends on what people will pay. 10 years ago I paid £2K per year - but bought him for slightly less than his value at the time. (Which was kind of them because I'd basically said I wanted him as a home for life and they could have asked me for pretty much anything and I would have paid it.) And before anyone shouts - he is, and was, absolutely worth that!
 
A lease fee is usually about 10% of their market value per annum.

It's generally only very experience upper end horses that will get leased (rather than loan)

Also be aware that you will have less control over your horse with a lease than a loan. Be very sure that you discuss training and management requirements up front and have them contractually documented. It will be more difficult to terminate a lease on subjective matters.
 
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