Half lease agreements are typically used when the horse owner wants to split the costs of horse care and riding time with a person who is leasing the horse. Horse owners can also choose to have their horse boarded at a boarding facility, where the horse stays overnight. There are several benefits to horse leasing, including: A horse leasing contract can help to reduce the cost of owning a horse. Horse leasing may be an option for people who are having financial troubles. If the lease payment is large enough, the cost of caring for the horse can be covered by the monthly fee. The lease fee can be used to cover the cost of horse boarding if the owner does not want to board the horse at the leasing company's facility. Some people lease their horses out to professional riding instructors. This way, the owner gets a percentage of the fee as a lease payment, while the riding instructor receives a percentage of the fee as a riding instructor's fee.