Leasing an eventer

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Bedlam

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Hi - as in the post title really - does anybody have any experience of leasing horses to compete?

How does it work, what are the terms, who's responsible for what etc?

Many thanks!
 
I think it's something like 10% of horses value per year. You need to have a legal contract drawn up stating who is responsible for what.
Maybe a 5* vetting for insurance
 
You should speak to Exmoor Eventing as they lease eventers, they may be able to tell you the in's and out's of it.
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They have a website http://www.exmooreventing.com/
 
I would imagine that the person leasing the horse would be responsible for insuring it for the full value and be responsible for all vet fees etc
 
You see that is what would worry me. Insurance companies are notorious at wriggling out of paying so although it may be fully insured on paper in rality you could be landed with a huge bill.

I suppose that could happen with any horse, but it would be a little upsetting if you had to pay a huge bill for a horse that wasn't yours and because of injury it's then unable to do the job you are leasing it for.

Also I would want to know what happens if it's injured, do you still have to keep it for the expected time, so it would be taking uo livery space, or could you send it back.

However on the other hand - it's a good way of gaining experience on a horse that you otherwise may never be able to afford, it's also a great way of an older horse possibly earning it's keep.
 
We're leasing on for the season. We pay each month, but add to that feed, vets bills etc. It's working out well because as soon a you have a problem you can send it back and don't need to think oh sh*t i've spend all this money and the horse is no good. Depends how much you have to pay.
 
We leased an ex-eventer for my sister to Pony Club and Pre-novice. We paid a price for a year and then treated him like any other horse we have had on loan. We had an lease agreement, we paid the insurance, cost of everything. It worked out well.
 
i've heard the 10% of value pa rule of thumb , however when i was looking for an aged dressage schoolmaster i was offered one to lease , very spooky & stressy by owners admission & she wanted what i recon was 50% of its market value
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under such agreements the person taking on the horse usually covers all costs as though they owned the horse
 
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