ridecamp@endurance.net: Lease Contracts

Lease Contracts

Bruce Saul (kitten@resp-sci.arizona.edu)
Wed, 6 Aug 1997 01:02:34 -0700 (PDT)

Hi, Lucie,

We have a mare out on breeding lease right now. There is no such
thing as a standard payment, the lessee and lessor have to work out what
each of them thinks the use of the mare for 18 months is worth. In our
case the mare is a beautiful Crabbet mare of superb breeding, she is
14.3 hands, and trained to 1st level dressage with schooling in second
and third. She is unable to go any higher in dressage because she has
a minor but inconsistant mechanical lameness. She can and is being ridden
and could be shown in 1st level dressage though the person leasing her isn't
competitive. The lease price is $1500, there is a live foal guarantee which
will allow her the use of the mare next season or of a substitute mare similar
quality if this one is not available or is unable to conceive. The lessee
has to pay for all vet care, feed, board, and must receive permission from
us before allowing anyone other than herself or her husband to ride the mare.
$200 of the lease price is non-refundable, the rest was refundable if the
mare did not conceive this breeding season and the lease was terminated.
Insurance is required for the mare, both mortality and major medical, and
we are splitting the costs of that since everybody is declared on the
insurance. The mare did conceive with the first breeding and is merrily
pregnant and the lessee is thrilled with her both as a riding horse and
as a pregnant mare. I have to say that I was comfortable with this lease
agreement because the lessee is a friend of mine so I know that my mare will
be well-cared for, but if I didn't know the person I would require that the
horse remain on my property for the duration of the lease and I would modify
the terms of the lease accordingly.
I have to say that I value my horses highly, their quality in
conformation and temperament is really superb. While they could be show
horses because of their quality they are not the type favored in the ring
today. They are too laid back, too substantial of build and bone, and not
from the bloodlines popular in the show ring today. But they excel at
anything athletic, dressage, jumping, cutting, endurance. And that
intrinsic athleticism, conformation, and temperament makes them the kind of
horses that have value regardless of the current market. They are, not just
in my opinion, the future of the breed. So because of that reason I have
higher prices on them than those who feel a horse is a horse would put. The
mare we have on lease is 7 years old and is for sale for $6000. I have a
magnificent yearling filly who is priced at $12,000. I am helping a friend
sell two foals she has of similar though slightly different breeding, a big
half-QH/half-Arab colt (very anglo-arab looking) $1500. And a beautiful
4 month old filly who is 1/4 Egyptian 3/4 Crabbet for $3000. My foundation
mare and her first daughter are not for sale at any price.
So you may be able to lease a mare for just the cost of board for
her, or you may have to pay a nominal fee. I know of an anglo-arab mare who
was leased for $1000 flat fee plus board, no live foal guarantee. And
another lease of a part-warmblood mare for $2000 plus board. It just
depends on the horse, the owners, and the circumstance.

Tracy and everybody

Tracy Scheinkman
Misty Mountain Arabian Sport Horses
Tucson, AZ

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