(Untitled)

[blitzen_]

well, made a decision on the lease - going with the little teenager, Emily. She came out with her mum (Karen) and had a little ride around. He tried to get away with doing NOTHING so i showed her how to use a dressage whip to back up her leg. she figured that out very quickly & was even cantering around on him. she then asked if she could ride

Comments

[meupatdoes]

Definitely try to get them to pay a certain amount in advance, and then keep up the monthly payments. This way if they have "car trouble" suddenly they will have to forfeit some already paid payments before they screw you over.

Something like:
"Lessee shall pay a fee of $[lease fee] per month payable as described:

Payment Date
$[4x lease fee] date
$[lease fee] date

No lease payment shall be refundable for any reason.
All boarding, veterinary, dental and farrier costs incurred by horse will be billed directly to Lessee."

Bascially it should be structured such that you always have a chunk of money over their head for time not yet used.

Specify the name, age, breed, sex, color and markings, and agreed upon fair market value of the horse at the beginning.

[blitzen_]

that's interesting - why specify the market value? in case of what? (sorry, totally ignorant here). he's only worth a pittance really as he's a standardbred & even VERY well schooled & competitive stb's only get to about $3k-ish in price.

[squidypoo]

Because if they do something silly and the worst happens they are liable for the cost of replacing him. But, it's got to be something that was their fault. Also, if you decide you want to sell him at any point that's the market value that you would go off. Check out the agreement that I linked you to. It's very detailed and you can leave in or take out whatever you like.

[ilikerivers]

I'm pretty sure there's australian horse lease agreements online. :)

[_acerbusangelus]

Sometimes teenagers are the best candidates for this type of thing. At that age, if they love horses, they LOVE horses, and are going to take it seriously; and generally they're better riders, and also, don't get offended if you make a suggestion. Good luck, I already like the kid because of her name ;)

[minxyminou]

Glad you found someone you think is right for the lease.

Agree. I don't know how people can flip project ponies at all.

[squidypoo]

http://www.equine.com/help/docs/PartTimeLeaseAgreement.pdf

That should link you to a good lease agreement. The website itself is pretty good. http://www.equine.com/help/legal.aspx

Hopefully you will get a bit more time with Mouse. There doesn't seem to be a lot of market for project ponies at the moment. It seems that the horse market really was hit by the GFC and people just not taking on extra unnecessary expenses. Good luck with her. :)