In my last question someone suggested this.
So there is this horse, Coqueto, that I have been riding for about ten months now. My instructor said that if his owners give up on him then she will give him to me for free. (The owners will most likely just leave him there or tell her to sell him). Well, someone suggested on Y! A that, in order to make money to pay for board, I could half lease him out. I know how half leasing works, but I'm really bad at figuring prices. I don't need to know what exact prices I would do, just how to set the prices. Help?
I know I'm getting ahead of myself by figuring this all out now, but it's better to do it now then to not have it figured out and not be able to have him.
Thanks in advance (:
At the barn I'm at, when you half lease, you pay half of everything. Monthly board, vet, farrier, wormer, etc, etc. The leasee also has to pay for minor injuries ( stitches, abscesses, mild colic, etc) while the lessor pays for major illness or injury (colic, broken bones, etc). And you get to ride the horse 3-4 days a week (most of the time, 3), take them to shows if the owner is okay with that, events, etc (to take them somewhere is on a first come, first serve basis or the owner of the horse gets to decide what shows they want to go to or not).
pets question and answers,www.5d2d.com
We sign a contract for usually 6 months (But it can be any length of time) that has all the terms about care, when who gets to ride, cost and the start/end date of the lease.
You should work out a percentage of all the bills - feed, hay, livery, shoeing, vaccinations, and other fees that you would normally pay and then work out how much you can afford and then ask the other person to pay the rest.
It is a good thing to get a contract signed up stating who pays for what, who gets to ride when and what the duties are of each party. Get it signed and keep a copy yourself and give the other to the person leasing.
I just finished half leasing my horse. I leased him for $ 100 bucks. DO NOT DO THIS! Does the person have there own tack? How many times a week are they riding him? This is all a factor. If my leaser was riding three times a week using my tack, I would charge 200 a month. If they are using there own tack and riding him three times a week, I suggest 150. This could vary in price wherever your from. Just a general idea though.
pets question and answers,www.5d2d.com
Good luck!
xx
I charge $ 150 for a half lease and that works out well. But it all depends on the cost of boarding. It also depends on how much he/she plans to ride, if they wat to use your tack, or if they ever want to do shows. Hope this helps!!
Where i live, Half loan is around half of the boarding price.
at my barn my board is about $ 350 a month for full board, half board is about $ 175 a month and i get half board cause i clean stalls four days a week, and im the only one who is doing that right now. but thats another option ask your instructor or who ever is in charge of board at your barn if you could work off your board. but its usually what ever the board price is the lease price is half, plus you cover the vet bills, farrier and feed bills ever time the horse needs it. hope this helps?
Well it really depends from lease to lease as to what you charge.
A good idea to get a standing point though, is to work out how much the other person is getting out of the agreement. For example, If you are planning on doing half and half of everything - ie 3 days each a week or similar - then go half prices for all the things you need ie half on shoes, half on bedding, half on feed etc.
pets question and answers,www.5d2d.com
Then if the person is doing more/less with your horse work out pricings compared to how many days a week they're doing with the horse.
