. Basically you take the horse to your house/local livery yard and look after it as if it were your own, sometimes owners demand that you must keep the horse at a certain yard, usually where they can keep an eye on it. You pay for everything, like cindydog said, all feed/vets/ins/shoes/livery, but at the end of the agreed period (be it a month/year/more) the owner of the horse will probably take it back. You will have paid nothing for the actual horse (other than it's keep) nor get anything back for it. Sometimes after the period is up, the owner may renew the contract with you so you keep the horse for longer (again for free but paying for it's keep) or they may even offer the horse to you to buy, then you could pay for the horse and it becomes yours.
