Horse Loan Agreement

9. Who pays what – and who pays the deductible if the horse is to be insured (this should be stated in the contract? First, it can be used for planning. The structure of the agreement forces both sides to think about what is important to them (for example. B the level of care the horse or pony will receive). The loan agreement should specify what is expected of the horse owner and the borrower. Make sure it is well dated and signed by all parties and that an example of a specific requirement to include for the protection of the loan device is that the borrowed horse has passed lunch and that specific maintenance requirements must be included in the loan contract to ensure that the horse is not endangered. To discuss your horse`s loan and get professional help in developing a loan agreement, please contact Rebecca Stuart on 01275 850470. To help resolve disputes, please contact James Taylor on 01454 204880. The contents of the loan agreement are personal to you and should reflect your wishes and plans for the future. However, the fundamental minimum to consider is that the most common point of contention a lender should know is a disagreement over what has been agreed as to who pays what.

For example, if there is a large veterinary bill and there is no insurance to cover that bill, there may be a dispute over who pays it. The borrower may be responsible for the vet`s bill, since they own the horse, but if it is the borrower who is the client of the veterinary practice concerned and the borrower has ordered the vet to visit the horse (which is most often the case since they have daily control of the horse`s maintenance), the veterinarian may be required to follow the borrower to pay the bill. Another example is that the rental player requires that the horse be taken care of by a certain Farrier/veterinarian, where the horse has specific needs. 6. How long will the loan be and what will happen when the term of the loan ends? Loan agreements can be entered into in person or by a lawyer. However, we still recommend involving an impartial lawyer trained to ensure that all areas of darkness are covered. 10. Indicate what should happen if the horse has to fall asleep.

Who will make that decision? How quickly does the borrower have to inform the landlord and can the borrower approve it if it fails to control the owner? Before you sign anything, make sure you have carefully examined the person who lent the horse. Photograph the horse with the person and write down the registration data of the horse box or car. Be sure to consider all the factors before borrowing your horse, especially the horse`s ability, as well-being is of the utmost importance. Does your horse, for example, have a disease that requires specialized care, or is your horse older and going to a mate? Your horse will be out of your daily control, and there have been occasions when horses have been loaned to people considered trustworthy, but the horse unfortunately ends up in a neglected state.