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Share GOOD Lease-To-Buy Stories

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  • Share GOOD Lease-To-Buy Stories

    I have my horse for sale and have been approached by someone to do a lease-to-buy option. I am open to it, because the person is very reputable and my intuition tells me she will take good care of my horse and honor a contract. However, many people at my barn are telling me "run." I took my horse to the potential buyer's barn to let her try my mare and so I could see the set up for myself. Good fencing, workman like barn, clean. All of her horses are in good weight, friendly, etc.

    I have found several excellent lease contracts that I can tweek and provide protection for me in the event the lease needs to end, or a sale is not met after a certain agreed upon time frame.

    Am I crazy?

    I am looking to hear from both sides about good lease/buy situations that worked for you. I did a free lease-to-buy years ago in order for me to get the horse of a lifetime. It worked for everyone involved. Now I find myself wanting to do the same for someone else. Please share, encourage and offer any advice to help it work for all parties.

  • #2
    I''ve done several over the years, and they've all turned out nicely. But that just might be my luck, etc, who knows.
    Originally posted by ExJumper
    Sometimes I'm thrown off, sometimes I'm bucked off, sometimes I simply fall off, and sometimes I go down with the ship. All of these are valid ways to part company with your horse.

    Comment


    • #3
      My first mare was a lease to buy, but in my case I had already leased her for a year prior and I was in the same barn as the owner, so it made it extremely easy for her to know her horse was receiving the right care.

      I don't think it's a bad idea, just make sure you do your homework and go visit. often. It can be a great alternative in times like these.

      Just make sure on top of following up on your horses care, that you're prepared for your horse to come right back. That can be a disadvantage. They could decide 2 months in they don't want the horse, and bring it back.
      Strong promoter of READING the entire post before responding.

      Comment

      • Original Poster

        #4
        My contract would indeed include a "right to visit" without restrictions. The potential lessee had already expressed that she has an open door policy. I also have backup in the event that my mare would need to be returned. I am fully aware that situations can change quickly and I would take her back in a heartbeat.

        Keep the good experiences coming...

        Comment


        • #5
          I did it as a seller (worked well) with the stipulation that the lease was at the farm of somone I know and trust so that I KNEW who was handling the horse during the trial and had a set of eyes there.
          I have done it as a buyer recently when the seller was really desperate to move the critter and it turned out the horse had some undisclosed issues to boot. At first I was ready to send the horse back at the end of the first week when the "issues" came to light but the horse was for my kid, she was attatched to the critter and didn't want him to go back/issues and all. Luckily in the end it worked out OK...after a month on trial here we have in fact worked through most of his problems and I think he will be OK after all. I was in contact with the owner about what problems we had, what I wanted to do to deal with them and asked her approval before treating them.
          Providence Farm
          http://providencefarmpintos.blogspot.com/

          Comment


          • #6
            My lease to buy in a different state even, worked out well. I was the leasor/seller. My stipulation was that they had to take twice monthly lessons (at least) with a trainer I knew at that barn and send me monthly email updates, even just a few sentences, preferably with pictures. Between the emails from them and occasional updates from my trainer friend, I could keep a finger on the pulse of the horse from here.
            http://www.camstock.net/

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            • #7
              I have been free leasing my mare for nearly 2 years, and when we get done rehabbing her suspensory, I'll buy her. I think owner and I are both happy with the situation, other than the 6 months of stall rest and the injury care that has extended out beyond the insurance coverage time limit. This has so not been a free lease. But she is a peach of a mare, so I don't complain very much.
              I tolerate all kinds of animal idiosyncrasies.
              I've found that I don't tolerate people idiosyncrasies as well. - Casey09

              Comment


              • #8
                I leased my horse for a year before buying him and it worked out very well for everyone. Just get death/injury insurance and have a good contract that protects everyone and the horsey
                BeesKnees
                Hunters should be galloping - George Morris

                Comment


                • #9
                  I leased my guy from my instructor when he was still a greenie (I was an experienced rider). Took him to his first bigger shows and then at one show I asked my instructor if she would sell him and she said 'yes'.

                  That was 14 years ago, and while he isn't in the show ring anymore (because I am too busy) we still do go for a round once in a while. He'll be with me until the rainbow bridge calls.

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