Horse Lease

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A Horse Lease is a legally binding contract entered into by two parties with the agreement that the Lessor(owner of the horse) will be leasing his/her horse to the Lessee(person leasing the horse) for a fee or with the understanding that Lessee will be responsible for all care and boarding for the animal. Leasing a horse can be beneficial for both parties. If the Lessor(owner) is unable to devote time to training and riding the horse or has limited space for boarding the horse, the Lessor might consider leasing the horse to ensure the horse is maintained properly. If the Lessee(person leasing the horse) is unable to afford to purchase his/her own horse, but would like to ride for pleasure or train a horse for showing, then leasing can be a more economical option. This Horse Lease will allow the parties to define payment terms, standard of care, limitation on use of the animal, responsibility for care and maintenance, life insurance for the animal, right of first refusal in the event of sale and a number of other important terms to consider when entering a lease agreement.