• Welcome to the Chronicle Forums.
    Please complete your profile. The forums and the rest of www.chronofhorse.com has single sign-in, so your log in information for one will automatically work for the other. Disclaimer: The opinions expressed here are the views of the individual and do not necessarily reflect the views and opinions of The Chronicle of the Horse.

Announcement

Collapse

Forum rules and no-advertising policy

As a participant on this forum, it is your responsibility to know and follow our rules. Please read this message in its entirety.

Board Rules

1. You’re responsible for what you say.
As outlined in Section 230 of the Communications Decency Act, The Chronicle of the Horse and its affiliates, as well Jelsoft Enterprises Ltd., the developers of vBulletin, are not legally responsible for statements made in the forums.

This is a public forum viewed by a wide spectrum of people, so please be mindful of what you say and who might be reading it—details of personal disputes are likely better handled privately. While posters are legally responsible for their statements, the moderators may in their discretion remove or edit posts that violate these rules. Users have the ability to modify or delete their own messages after posting, but administrators generally will not delete posts, threads or accounts upon request.

Outright inflammatory, vulgar, harassing, malicious or otherwise inappropriate statements and criminal charges unsubstantiated by a reputable news source or legal documentation will not be tolerated and will be dealt with at the discretion of the moderators.

2. Conversations in horse-related forums should be horse-related.
The forums are a wonderful source of information and support for members of the horse community. While it’s understandably tempting to share information or search for input on other topics upon which members might have a similar level of knowledge, members must maintain the focus on horses.

3. Keep conversations productive, on topic and civil.
Discussion and disagreement are inevitable and encouraged; personal insults, diatribes and sniping comments are unproductive and unacceptable. Whether a subject is light-hearted or serious, keep posts focused on the current topic and of general interest to other participants of that thread. Utilize the private message feature or personal email where appropriate to address side topics or personal issues not related to the topic at large.

4. No advertising in the discussion forums.
Posts in the discussion forums directly or indirectly advertising horses, jobs, items or services for sale or wanted will be removed at the discretion of the moderators. Use of the private messaging feature or email addresses obtained through users’ profiles for unsolicited advertising is not permitted.

Company representatives may participate in discussions and answer questions about their products or services, or suggest their products on recent threads if they fulfill the criteria of a query. False "testimonials" provided by company affiliates posing as general consumers are not appropriate, and self-promotion of sales, ad campaigns, etc. through the discussion forums is not allowed.

Paid advertising is available on our classifieds site and through the purchase of banner ads. The tightly monitored Giveaways forum permits free listings of genuinely free horses and items available or wanted (on a limited basis). Items offered for trade are not allowed.

Advertising Policy Specifics
When in doubt of whether something you want to post constitutes advertising, please contact a moderator privately in advance for further clarification. Refer to the following points for general guidelines:

Horses – Only general discussion about the buying, leasing, selling and pricing of horses is permitted. If the post contains, or links to, the type of specific information typically found in a sales or wanted ad, and it’s related to a horse for sale, regardless of who’s selling it, it doesn’t belong in the discussion forums.

Stallions – Board members may ask for suggestions on breeding stallion recommendations. Stallion owners may reply to such queries by suggesting their own stallions, only if their horse fits the specific criteria of the original poster. Excessive promotion of a stallion by its owner or related parties is not permitted and will be addressed at the discretion of the moderators.

Services – Members may use the forums to ask for general recommendations of trainers, barns, shippers, farriers, etc., and other members may answer those requests by suggesting themselves or their company, if their services fulfill the specific criteria of the original post. Members may not solicit other members for business if it is not in response to a direct, genuine query.

Products – While members may ask for general opinions and suggestions on equipment, trailers, trucks, etc., they may not list the specific attributes for which they are in the market, as such posts serve as wanted ads.

Event Announcements – Members may post one notification of an upcoming event that may be of interest to fellow members, if the original poster does not benefit financially from the event. Such threads may not be “bumped” excessively. Premium members may post their own notices in the Event Announcements forum.

Charities/Rescues – Announcements for charitable or fundraising events can only be made for 501(c)(3) tax-exempt organizations. Special exceptions may be made, at the moderators’ discretion and direction, for board-related events or fundraising activities in extraordinary circumstances.

Occasional posts regarding horses available for adoption through IRS-registered horse rescue or placement programs are permitted in the appropriate forums, but these threads may be limited at the discretion of the moderators. Individuals may not advertise or make announcements for horses in need of rescue, placement or adoption unless the horse is available through a recognized rescue or placement agency or government-run entity or the thread fits the criteria for and is located in the Giveaways forum.

5. Do not post copyrighted photographs unless you have purchased that photo and have permission to do so.

6. Respect other members.
As members are often passionate about their beliefs and intentions can easily be misinterpreted in this type of environment, try to explore or resolve the inevitable disagreements that arise in the course of threads calmly and rationally.

If you see a post that you feel violates the rules of the board, please click the “alert” button (exclamation point inside of a triangle) in the bottom left corner of the post, which will alert ONLY the moderators to the post in question. They will then take whatever action, or no action, as deemed appropriate for the situation at their discretion. Do not air grievances regarding other posters or the moderators in the discussion forums.

Please be advised that adding another user to your “Ignore” list via your User Control Panel can be a useful tactic, which blocks posts and private messages by members whose commentary you’d rather avoid reading.

7. We have the right to reproduce statements made in the forums.
The Chronicle of the Horse may copy, quote, link to or otherwise reproduce posts, or portions of posts, in print or online for advertising or editorial purposes, if attributed to their original authors, and by posting in this forum, you hereby grant to The Chronicle of the Horse a perpetual, non-exclusive license under copyright and other rights, to do so.

8. We reserve the right to enforce and amend the rules.
The moderators may delete, edit, move or close any post or thread at any time, or refrain from doing any of the foregoing, in their discretion, and may suspend or revoke a user’s membership privileges at any time to maintain adherence to the rules and the general spirit of the forum. These rules may be amended at any time to address the current needs of the board.

Please see our full Terms of Service and Privacy Policy for more information.

Thanks for being a part of the COTH forums!

(Revised 1/26/16)
See more
See less

Can we talk abot Half-Lease terms?

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Can we talk abot Half-Lease terms?

    I have a nice oldenburg gelding thats been showing hunters at rated shows. VERY quiet and easy easy easy. I'm looking to half lease him to a short/long stirrup or pre-child kid. He is a nice gelding and is always in the ribbons, especially over fences. Very safe, etc. etc. But what type of terms would I ask for half-lease wise? Half his expenses obviously - but what about extra? I was told that 1/3 of his sale cost would be added on? That seems like a lot... we're talking over $10,000. That seems outrageous. Do people actually pay that? I just need some direction. This will be in the ATL area for the hunters.

  • #2
    The 1/3 sales price is for a full lease. Usually a full off-site lease.

    Half leases are MUCH more fluid. You can write them up to be anything you want them to be. Half expenses plus something extra is probably the norm. It's easier to just set a price that encompasses all the expenses and have them pay that, rather than trying to track them down for half of this bill and half of that bill...

    I half leased my horse to an in-barn lady for $300 a month. It was on the low side, but it was enough to help me out and since I got the "good" days and I took him to horse shows once a month, which cut into her riding time, it worked for us. She lessoned once a week and hacked two more times a week.

    The same horse I did a full off site lease on for 1/3 his value.

    Comment


    • #3
      1/3 of his sale price is only typical in a full lease scenario.

      As for 1/2 leases - I typically see free half leases - no expenses paid other than 1/2 board, routine vet and farrier (pay your own lesson and show fees). I have also seen 1/2 leases that do charge an extra amount per month for fancier horses. In my experience, it's no more than $100 extra a month. I guess that can change depending on your area. It is also possible to estimate 1/2 vet, farrier and board plus an extra amount and say that's the 1/2 lease fee for your horse. If vet or farrier are more that month, it's on you. If they are less that month, you get to pocket the "extra."

      As always, it comes down to what someone is willing to pay.

      Are you at a boarding barn with a trainer? Probably a good idea to ask trainer what is typical in your barn if so.

      Comment


      • #4
        Adding more -- a half lease is usually beneficial to the owner. The owner wants to keep riding and/or showing but wants help with expenses. Because it's helping you out, and by its very nature it's less flexible as far as days the other person can ride, you can expect less than 1/2 the price of a 1/3 price full lease.

        Comment


        • #5
          My guy is currently part-leased to a novice adult and it sounds like what he is doing is similar to your guy.

          Lessee pays half of: board, farrier, routine vet (shots, coggins, scheduled maintenance,) supplements, insurance. Show expenses are her own. She rides 3 days a week (he has a 6-day schedule) and pays for extra rides.
          "I'm not always sarcastic. Sometimes I'm asleep." - Harry Dresden

          Amy's Stuff - Rustic chic and country linens and decor
          Support my mom! She's gotta finance her retirement horse somehow.

          Comment

          • Original Poster

            #6
            Renn/aissance: Okay thats about what I was thinking

            Thanks so much for the input everyone. Very helpful. Also, half-lease agreements are pretty similar to full lease agreements? Except for the obvious making it clear how many days a week are permitted, etc. correct?

            Comment

            • Original Poster

              #7
              Also, as far as injuries go how does that work? All those costs are split regardless who was riding/with the horse?

              Comment


              • #8
                Originally posted by RockingN View Post
                Renn/aissance: Okay thats about what I was thinking

                Thanks so much for the input everyone. Very helpful. Also, half-lease agreements are pretty similar to full lease agreements? Except for the obvious making it clear how many days a week are permitted, etc. correct?
                Depends on how you want your half lease to be structured. You can make it similar to a full lease agreement, or it can be a much simpler document. My full lease is like 10 pages long. My half lease was like a page and a half.

                Originally posted by RockingN View Post
                Also, as far as injuries go how does that work? All those costs are split regardless who was riding/with the horse?
                It's however you want to write it out to be. In my case, the lady paid me $300 a bucks a month and I paid for everything else. If he were long-term lame, she would have been able to stop paying me. If he were off for a few days she just didn't get to ride and didn't get any money back.

                But it can be anything you want it to be. Or at least, it can be anything that you want it to be -- that the other party will sign willingly!

                Comment


                • #9
                  The terms can be anything you want them to be, assuming the lessee agrees.

                  However, most half-leases I've seen say that the lessee only has to pay for non-routine vet care if the lessee was negligent/reckless in causing the injury (i.e. if lessee puts polo wrap on wrong, it comes loose and trips horse while she's riding, then she is responsible for the vet bills resulting from that). All injuries/emergency vet visits that can't be directly linked to the lessee are solely the responsibility of the owner.

                  As to time off in case of lameness, I've seen a lot of half-leases that are month to month, with no refunds. So, if Jane pays her July lease fee on July 1st, and Pookie goes lame on the 10th, Jane does not get a refund for the 20 days she can't ride, but she does not have to renew the lease for the next month. So, the most Jane can be 'out' is one month, if Pookie goes lame immediately after she pays on the 1st of the month.

                  Comment


                  • #10
                    I pay a flat fee for my half lease, which is 3 days a week. It's probably more than half her costs, but she is owned by my trainer, who has to make sure her horses are carrying themselves. So in exchange for my lease fee, my trainer gets to keep a nice lesson horse, and I get to ride a horse 3'+. It does work out to be less than 1/3 of her value, and it's win-win.

                    Pony has insurance, and I'm not expected to pay for vet bills. However, if she becomes long-term lame, I owe my trainer 30 days notice before ending the lease, which I think is fair. My last lease was prone to throwing shoes, but I just had to eat those days off, no make ups.

                    I feel really lucky to have the situation I do, and would jump at the chance to do it again - even if I'm paying more than half the costs, it's cheaper than buying + upkeep.

                    Comment

                    Working...
                    X