Horse leasing programs can be a fantastic way to increase your barn’s revenue while providing clients with a flexible alternative to full horse ownership. Leasing allows riders to have more consistent access to a horse without the long-term commitment or high upfront costs of buying one. For barn owners, leasing helps maximize the use of your horses, generate steady income, and build stronger relationships with your clients.
However, successfully launching a leasing program requires careful planning and management. In this blog post, we’ll guide you through the key steps to creating a horse leasing program that benefits both your business and your clients.
1. Determine the Right Leasing Structure
There are various leasing models that you can offer, depending on the needs of your clients and the availability of your horses. Choosing the right structure is the foundation for a successful leasing program.
- Full Lease: In a full lease, the lessee effectively “borrows” the horse as if it were their own. They typically cover all the horse’s costs, including feed, vet bills, and farrier services, and they get exclusive riding access. This arrangement can be lucrative for your barn if the lessee takes on all expenses, but it also means you need to ensure the horse is still receiving proper care.
- Half-Lease: A half-lease splits the horse’s time between two riders, often covering shared costs like feed and vet care. This option is popular with riders who want regular riding access but can’t commit to full ownership. For barns, half-leases allow you to maximize the use of one horse across two paying clients.
- Quarter-Lease or Custom Leases: You may offer even more flexible leases, such as quarter-leases, where riders can lease the horse a few days per week. This model works well for beginner or casual riders who don’t need full-time access but still want regular riding.
2. Choose the Right Horses for Leasing
Not every horse in your barn may be suitable for leasing. The success of your program depends on carefully selecting the right horses that can meet the needs of different riders while maintaining their health and well-being.
- Temperament and Training Level: Ideally, your lease horses should have a calm, predictable temperament and be suitable for a range of riders. Horses with solid training, patience, and versatility can accommodate both beginner and advanced riders, ensuring the leasing program can serve more clients.
- Physical Fitness: It’s important to assess each horse’s fitness level before entering them into a lease program. Horses that are sound and healthy, with the stamina to handle regular riding, are ideal candidates. Ensure they can handle the physical demands of being leased out multiple times a week without getting overworked.
- Matching Horses to Riders: Consider each rider’s skill level, goals, and personality when matching them with a lease horse. This improves rider satisfaction and helps build a strong bond between the rider and horse, increasing the likelihood that the lease will be successful long-term.
3. Establish Clear Lease Agreements
A well-structured, legally sound lease agreement is crucial for avoiding misunderstandings and protecting both your business and your clients. A clear contract outlines the responsibilities of each party and the terms of the lease.
- Lease Duration: Define the length of the lease (e.g., 6 months, 1 year) and specify whether it’s renewable at the end of the term. This helps manage expectations and gives both parties an understanding of the commitment involved.
- Payment Terms: Detail the lease fees, including how and when payments are due. Be transparent about additional costs that might arise, such as vet bills, farrier fees, or insurance, and whether these will be covered by the barn or the lessee.
- Usage Rules: Clarify how often the horse can be ridden, what kind of riding (e.g., jumping, trail riding, or competition), and whether the lessee is responsible for care duties like grooming or feeding. This ensures that the horse is cared for and used appropriately during the lease period.
- Liability and Insurance: It’s crucial to include terms about liability and insurance in the agreement. Make sure to clarify who is responsible if the horse is injured during the lease period, and whether the lessee is required to take out insurance on the horse.
4. Offer Flexible Lease Options
Providing clients with flexibility in leasing arrangements can make your program more attractive and accessible to a wider range of riders. Tailoring your offerings to meet different needs helps clients feel more comfortable committing to a lease.
- Trial Periods: Some riders may be hesitant to commit to a long-term lease right away. Offering a trial period—such as a 1-month test lease—allows riders to get a feel for the horse before making a longer commitment. It also gives you a chance to see if the rider is a good fit for the horse.
- Leasing Add-Ons: To enhance your leasing program, consider offering add-on services like discounted lessons for lease clients, access to clinics, or participation in competitions. This makes the lease more valuable to clients and encourages them to stick with the program.
5. Monitor Horse Health and Usage
While leasing provides consistent income and makes good use of your horses, it’s essential to monitor each horse’s workload to avoid burnout or injury.
- Workload Tracking: Keep careful track of how often leased horses are being ridden and ensure they have adequate rest days. Horses in half or quarter-leases, in particular, may be ridden more frequently than horses in a full lease, so monitoring their health and energy levels is crucial.
- Regular Health Checks: Schedule routine vet check-ups and farrier visits for all leased horses to ensure they remain healthy throughout the lease. These proactive measures help catch any health concerns early and ensure the horse can continue working safely.
How EC Pro Can Help Manage Your Horse Leasing Program
Launching and managing a horse leasing program involves a lot of moving parts—from tracking payments to monitoring horse workloads and managing client communication. EC Pro simplifies this process, ensuring that your leasing program runs smoothly and efficiently. Here’s how EC Pro can help:
- Automated Lease Agreements: EC Pro allows you to store and manage lease agreements digitally, ensuring all lease details are clearly documented and accessible in one place.
- Lease Payment Tracking: With EC Pro’s billing tools, you can set up recurring payments for leases, ensuring clients are billed automatically each month. The system also tracks payments, so you’ll always know who’s up to date and who may be overdue.
- Horse Workload Monitoring: EC Pro’s horse management features let you track how often each horse is being ridden, ensuring that horses in your leasing program aren’t overworked. You can monitor their workload alongside vet visits, farrier appointments, and rest days to ensure they stay healthy.
- Client Communication and Scheduling: EC Pro helps you manage all aspects of the lease program, from scheduling riding sessions to sending reminders for payments or care duties. Clients can use the system to book riding times and receive updates about their lease horse.
With EC Pro, managing your leasing program becomes much more streamlined, giving you the tools to run a profitable, organized, and client-friendly operation.
The (your) Bottom Line
A well-run horse leasing program offers benefits for both your barn and your clients. By carefully selecting the right horses, establishing clear agreements, and offering flexible options, you can provide a valuable service that builds loyalty and generates steady income. With the help of EC Pro, managing the complexities of leasing becomes simple, allowing you to focus on delivering a high-quality experience for your clients and ensuring your horses are well-cared for.