Benefits and cost of leasing a horse
Leasing a horse can offer several benefits compared to owning one outright. It is a great option for individuals who want to enjoy riding without the full responsibilities and financial commitments of horse ownership. Here are some key advantages of leasing a horse:
Key benefits of leasing a horse
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Cost Savings:
Leasing a horse is generally more affordable than buying one. White Rose Equestrian leases various horses for a monthly fee. This allows you or your child to ride outside of the lesson program. This is perfect if you’re not ready for the upfront costs of purchasing a horse or are unsure about your long-term commitment to horse ownership.
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Lower Financial Risk:
Since you’re not investing in the full ownership of the horse, you’re not as financially exposed to risks such as unexpected veterinary costs, maintenance expenses, or depreciation in the horse’s value.
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Variety and Flexibility:
Leasing allows you to ride without the need to buy each one. This is beneficial for riders who want to gain experience and put into practice what they learn in lessons. You can also adjust the terms of the lease based on your changing needs.
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Test Before Committing:
Leasing provides an opportunity to “test-drive” horse ownership. It allows you to assess whether owning a horse fits your lifestyle and riding goals without a permanent commitment.
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Shared Responsibilities:
Depending on the lease agreement, the responsibilities for the horse’s care and expenses may be shared with the owner or another lessee. This can lighten the workload and allow you to focus more on riding and enjoying the horse.
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Access to Well-Trained Horses:
Leasing gives you access to a well-trained, experienced horse that can enhance your riding skills and enjoyment.
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Community and Support:
Your lease agreement includes the support and guidance of the experienced staff at White Rose Equestrian. This is valuable for learning and improving your horsemanship.
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Less Long-Term Commitment:
Leases are on a month-to-month basis, allowing flexibility in your riding plans. This is ideal for students, seasonal riders, or those who want to ride without a year-round commitment.
Overall, leasing a horse can be a practical and enjoyable option for riders who want the benefits of horse ownership without all the responsibilities and costs associated with full ownership. It provides an opportunity to ride and bond with your assigned horse in a more flexible and affordable manner.
Lease Option Plans
Mini Lease
- The cost of a mini-lease is $290 per calendar month, payable on the 1st of every month. If the payment is late by more than seven days, a late fee of $50 will apply. For each day late after seven days, a fee of $10 will apply.
- Lessee may use the Horse at shows, clinics, events, and trail rides on and off the property. Off-property events must be accompanied by a trainer, who the Lessor approves.
- There will be no additional fees for using the Horse.
- Horse may also be leased to another Lessee on either a Medium or Mini lease. If the horse is leased to another Lessee, the Lessee with the highest lease takes priority. If both Lessees have the same type of lease, the horse will be shared amicably with the final decision residing with the Lessor.
- Lessor reserves the right to use the Horse in the Lesson program and takes priority over the rights of the Lessee.
- Lessee has use of the Horse two times per week.
- If Lessee is unable to use/ride the horse two times per week, both lease rides may be carried over to the following week. Missed lease rides may not be carried over further than the proceeding week.
Medium Lease
- The cost of a medium lease is $570 per calendar month, payable on the 1st of every month. If the payment is late by more than seven days, a late fee of $50 will apply. For each day late after seven days, a fee of $10 will apply.
- Lessee may use the horse at shows, clinics, events, and trail rides both on and off the property. Off-property events must be accompanied by a trainer, who the Lessor approves.
- There will be no additional fees for using the Horse.
- Horse may also be leased to another Lessee on a Mini Lease. If Horse is leased to another Lessee the Lessee with the higher lease takes priority over the use of the horse.
- Lessor reserves the right to use the Horse in the lesson program and takes priority over the rights of the Lessee.
- Lessee has use of the Horse four times per week.
- If Lessee is unable to use/ride the Horse four times per week, two lease rides may be carried over to the following week. Missed lease rides may not be carried over further than the proceeding week.
Full Lease
- The cost of a full lease is $980 per calendar month, payable on the 1st of every month. If the payment is late by more than seven days, a late fee of $50 will apply. For each day late after seven days, a fee of $10 will apply.
- Lessee has exclusive use of the Horse at shows, clinics, events, and trail rides both on and off the property.
- Horse will not be leased to any other lessee during the length of the lease.
- There will be no additional fees for using the Horse.
- Lessor reserves the right to use the Horse in the lesson program and will make every effort not to impede on the riding plans of the lessee.
- Lessee may only take the horse off-property with prior written agreement from the Lessor.
- Lessee has use of the Horse seven times per week.
- If Lessee is unable to ride/use the Horse seven times per week, the lease fee is not reduced or refunded.
OTHER LEASE CONDITIONS
- The Lessee must take reasonable measures to ensure the safety of the Horse whenever it is in their care. They must also clean and maintain all tack and belongings of the Horse and clean up after themselves and the Horse.
- If multiple people lease the Horse, the Lessee with the higher lease takes precedence. If multiple Lessees have the same type of lease, the use of the Horse will be split amicably between Lessees. If an amicable agreement cannot be made, the Lessor will make the final judgment.
- If multiple people lease the Horse but only one Lessee competes in competitions, that Lessee takes priority over the use of the horse at competitions.
- If multiple Lessees compete on the horse and some/all qualify the horse for finals/championships, the Lessee with the best score will have first refusal to take the horse to the final/championship competition.
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