Considering free leasing my horse- need insight.
So I'm going to be moving about 500 miles from where I am currently located to attend a grad school program and I need to figure out what to do with my horse. I currently have a super easy (but slightly green) OTTB that would be a great project for an advanced kid to work with. I was always lucky growing up that I had people willing to give me horses to ride since my parents couldn't afford to buy me one, and I'm thinking it might be nice to repay the favor since school is going to keep me so busy. What are the basic logistics related to free leasing my guy out? This is what I was thinking- let me know if there is anything that seems way off base.
-They pay board, farrier, vet, general upkeep, all lesson/clinic/horse show costs.
-I have it in the lease that I can take the horse back at any point if I see that he is not being taken care of properly.
-I require that the rider takes at least one lesson per week on the horse with a reputable trainer (at their cost, but I want to make sure a trainer is regularly involved).
- Lease term of one year, with extension very likely after the year is up.
Now this is the part that I'm not sure of- I will continue to pay his monthly insurance premiums (only colic/mortality coverage), and in exchange I would like to be able to come by and hack him once every two weeks or so (with prior approval/coordination of dates with his leasee).
Does that seem fair? Thanks!