Leasing is a fantastic way to get involved in racehorse ownership at any stage, but particularly so for those getting involved for the first time. By leasing a horse, you (the lessor) come to an agreement with the actual owner (the lessee) of the horse to race the horse under your own name for an agreed time frame under an agreed set of rules. The lessor gets to enjoy the thrill of having the horse race under their own name and colours as well as retaining any prize-money won while at the end of the agreed time, the horse is then returned to the original owner.
When forming a lease it is always advised to have a detailed lease agreement drawn up and signed by both parties confirming:
The Irish Thoroughbred Breeders Association (ITBA) runs a National Hunt Fillies Leasing Scheme. This scheme puts breeders in contact with potential owners who are interested in racing the horse under a lease agreement. Further details can be found on the ITBA website - www.itba.info