Leasing 


Horses, like any business asset, can also be leased. In a lease, you (the lessee) will have control of the horse for a fixed period of time–in exchange for a stated percentage of the purses won. During the term of the lease the lessee generally pays all the expenses associated with racing. The benefit is that it’s usually cheaper to lease a horse than pay what might be a high cost of buying one. The U.S. Trotting Association mandates that the lease form be sent to the USTA.

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