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A partial lease arrangement, also known as a half lease, usually provides you with the ability to ride the horse you are leasing during certain days of the week. In a partial lease, you will be sharing the horse with another rider or the owner.
In the full lease situation, the lessee usually pays for all of the horses costs, such as boarding, feed, veterinarian bills, and farrier bills, in return for being able to use the horse whenever the lessee wants.
What care is the lessee responsible for providing? A lease agreement should specify who is responsible for ensuring the horse receives adequate shelter, feed and water, grooming, exercise, farrier care, dental care, and veterinary care, including vaccines and deworming.
For a full lease, the lease fee is most often about 25% 30% of the horses entire perceived value paid annually. So, for a horse worth $10,000, you can expect a lease fee of around $2500 yearly.
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