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Considerations for Equine Lease Agreements

Sara BhaduriHauck and, Paul Goeringer (2017)

Summary

Offering a horse for lease can be a good option for an owner who is unable to ride or care for their horse due to physical, time, or financial constraints but still wishes to maintain ownership. A lease can be an alternative to selling the horse, a way to cut maintenance costs, or an avenue to ensure the horse remains in work. While some verbal contracts are considered binding in Maryland, getting the agreement in writing is a good idea. An equine lease can take many forms, depending on how the lease agreement is constructed. Consider the following items when preparing or reviewing a written lease agreement.