Leasing
While this form of ownership is not widely used, leasing a horse can
offer several advantages, and is certainly just as much fun.
Comparatively, leasing requires very little capital. Ordinarily, the
lessee simply assumes responsibility for all costs associated with
the board and care of the animal during the term of the lease. In
exchange, the lessee enjoys the benefits of ownership, with the
obligation to share some of the benefits with the lessor per the
terms of the lease. Depending on the purpose of the lease and/or the
type of horse leased, i.e., racing prospect or broodmare, the
parties may share in revenues derived through racing or sale, or in
the ownership or management of progeny.
It is recommended that a professional be consulted before entering
into a lease. There are several issues that deserve special
attention, and may be overlooked without professional consultation.
