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HMH Reality Check said:
Well, you become responsible for this other person's horse, so condition and injuries are blamed on you. Leasing from a friend isn't always the best idea. I leased this pretty Palomino AQHA gelding from this lady who collected Western Pleasure AQHA and just let them sit. We got him jumping and dressage and he was going well, until the lady decides that she didn't want him jumping or being ridden at all, got super pissed at us and took him away. People care about there horses and have many reasons for leasing, wether it be no time or new horse, if something happens to the lease horse, (skinny, injury, vice) the owner isn't going to be happy, and it's going to be your fault. Horses always come with strings and instructions and it's just a pain. She sounds like the worst kind of person. She's part of why it costs so much to buy a horse to learn with and try competing at a low level. This is part of why I wouldn't want to lease. Get a nice horse, start training them, really click with the horse and bond with them, and then boom, the owner decides it's off and now you're out the time and money you put into a horse you never really got to use. There's plenty of good horses that go through sales every day, so if I want something new and can't find anything I like for sale, I hit up a nearby salebarn. At worst, I end up with a good project horse. |
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A lot of good points about the problems you could potentially run into while leasing. Communication is absolutely key between you and the owner to help avoid these situations (ideally a legal contract is drawn up to outline rights, responsibilities, and terms for breaking the lease on both sides). However, I cannot stress enough how permanent buying a horse can be! I've known too many people who jumped into horse ownership and gotten stuck with an animal that was unsuitable, or quickly ran into financial trouble because they didn't fully understand all the costs that come with horse ownership. There are pros and cons to buying and leasing, and you need to evaluate your individual situation to determine which is best for you right now. |
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EmeraldHillsFarm said:
A lot of good points about the problems you could potentially run into while leasing. Communication is absolutely key between you and the owner to help avoid these situations (ideally a legal contract is drawn up to outline rights, responsibilities, and terms for breaking the lease on both sides). However, I cannot stress enough how permanent buying a horse can be! I've known too many people who jumped into horse ownership and gotten stuck with an animal that was unsuitable, or quickly ran into financial trouble because they didn't fully understand all the costs that come with horse ownership. There are pros and cons to buying and leasing, and you need to evaluate your individual situation to determine which is best for you right now.
Wise words. I completely agree with what you said, especially getting a contract in place if you're going to lease (or buy!! Make sure you get a bill of sale!) |
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