Loan Agreement For A Horse

3. A simple statement that the owner is the rightful owner of the horse and has the right to authorize the horse`s loan. 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. If you wish to take a horse on a rental basis, you must not accept a horse that does not have a valid and current passport. Make sure that the name of the owner, whose horse you lend, is the current registered owner. Horse owners may end up with a horse they grew up with but don`t want to sell. In these situations, credit can be the ideal solution, as it allows the owner to keep ultimate control of the horse`s future, while someone else takes care of the daily work and costs associated with the maintenance of the horse. 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. Storing several thousand pounds is not the only way to reach the wonderful world of horse ownership.

The credit is delivered without the cost of pre-purchase, but all the benefits are the same. The prospect of lending a horse is exciting, but there are a number of important considerations, such as time commitment and finances, that need to be carefully rethought before choosing a loan. The decision to borrow a horse should not be taken lightly or hastyly, as it can be extremely annoying to have a horse that is unsuitable or dangerous. It can also leave the new borrower in a difficult situation. The most common point of disagreement that a lender must take into account is a disagreement on what has been agreed as to who pays for 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. It is therefore essential to develop a loan agreement that is tailored to specific needs and should be signed before the start of the loan period. 8.

What can be done with the horse? Include all disciplines for which the horse should not be used. 6. How long will the loan be and what will happen when the term of the loan ends? 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. 9. Who pays what – and who pays the deductible if the horse is to be insured (this should be stated in the contract? 7. Notice (for example. B four weeks) for the return of the horse if the circumstances of one of the parties change. An example of a specific requirement to be included in the protection of the rental device is that the borrowed horse has undergone a cooking day operation and that specific maintenance requirements must be included in the loan agreement to ensure that the horse is not endangered.