Information about Horses for Loan

Horse Loan Info

Friday 04 June 2010

Horses for loan can be great for those looking to ride horses whilst keeping costs down. There are different types of horse for loan agreement and it is important that both parties agree fully on the terms of the loan. Getting horses for loan share is very different to full time loans. See the following guide if you are considering horses or ponies for loan.

Loan Share

Having horses for loan share generally means that two parties share everything to do with the horse, including costs. Time spent is usually shared week by week, meaning 3 or 4 days with the horse every week. Getting horses for loan share can be better suited to certain people, and many say that they would prefer to share with someone they know very well. It is great for keeping costs and work down, as owning a horse can mean very large expense. It is important to draw up a written contract that you both agree on. This means you are covered if something goes wrong.

Horses and Ponies for Loan

Getting horses for loan is different to the share option as it means you will have full access to the horse and care that goes with it. Although the horse belongs to someone else, essentially you can feel like it is yours since you are the one seeing it everyday and taking care of it. The agreement for a horse for loan should be written and signed by both parties. Where possible, you may consider a solicitor drawn up contract.

Agreements for Contracts

There are many aspects that everyone should consider when taking a horse for loan. These include:

• You will need to agree on where the horse for loan is kept. Some owners prefer the horse to be at their own stables, whilst others will allow them to be taken elsewhere.

• Fix the loan period and the notice period too.

• Agree on the uses allowed of the horse for loan. Is breeding acceptable?

• Ensure that you have the best insurance policy.

• Is tack included in the loan?

• The owner may wish to visit the horse for loan. If this is the case, have an agreement as to how often and when this will be.

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