BRAINSTORM: Things to put into a loan agreement

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Darremi

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Hi Everyone,

Having read so many sad stories on this forum of things going wrong with horses that have been loaned, I thought it would be a great idea is everybody would pitch in with ideas about what to put into a typical loan agreement.

Obviously everybody's loan is unique, but if there was anything special you think you would like to go into a loan agreement if it was your horse then please pipe up!

No idea is too stupid, and hopefully this will be both fun and informative for everybody reading.

Thanks,

Darremi
 
IMHO the piece of paper is pretty worthless, enforcing it through the courts would be expensive and time consuming and even if you then won you'd need balifs etc to get cash out of someone.
Better to focus on finding the right local person you can research and visit often
I'd still encourage signing the tweaked bhs agreement and getting proof of ID and references but as much because being bothered to do paperwork properly tells you something about the person!!
 
Use the BHS one as a template as suggested above, and then add other things. This would be things like can the loaner change the bit without permission, can not move yard without permission,if you wish to visit and occasionally (say four times a year, not talking regularly) ride the horse can that be agreed upon, the insurance( value to insure, how paid, and if to include loss of use). A review date of loan, how long the loan is for, how a value can be calculated should you wish to sell and loaner wish to buy.
Can possibly think of more, but much is individual to you and the person you loan to.
 
The notice period for both parties, plus who pays for transport back to owner, contact arrangements between parties, what the loaner can or cant do and arrangements for emergency vet treatment including euthanasia. The bhs is great, and i didnt do many alterations. Easiest thing to do is look through the threads and see what people are moaning about and think if it bothers you enough to include in the contract.
 
when i loaned out my horse years ago it was on the condition that he was kept at a friend of my mothers place. this was not an issue at the time for all involved. the girl was 16 and he was the first horse she had on loan so my mothers friend was there to offer advice/keep an eye on things for me (with the girl knowing of course) however there was an argument between the two of them concerning whether it was exceptable to jump my horse round a course of 3 foot jumps with a twisted shoe. my friend said not to ride and wait for farrier to come out in a few hours. but the girl didnt listen and was caught jumping him anyway. i was called and went out to see them and he had a nail wedged in his foot and understandably was lame. too say i wasnt happy was an understatement but i didnt lose my temper, i waitewd till the farrier had seen to him, had a few words with her and thought everyone makes mistakes, no lasting damage done will be ok. the next week i got a frantic phone call telling my my horse was missing. this girl had gone riding one day and had no returned. when looked in tack room all her/my stuff was gone aswell. we couldnt find him for 6 weeks (police were useless!) and her mobile had been disconnected aswell as them moving house. i honestly thought i had lost my boy for good. but we found him eventually after a friend had spotted him 20 miles away in a field. so we got a horse box and took a vet who was friend of the family and went to get my horse. we had to wait till the girl came down to see to him till we left but we had him ready to travel home before then. he had a nasty wound above his knee with a bodged up bandage on and also a wound that looked like a hole on his face where a noseband would sit. he looked a right state. she said he had tripped and got tangled up in wire and that a vet had looked at him, our vet said there was no way that any vet would not staple the wound on his leg and i didnt believe the girl. his mouth had been all cut up where she had been yanking him about (he had a very soft mouth) and it took a few months for him to look like his old self again.

i suppose my advice would be to only loan to people you know or to stay at a yard with people you know. and to add in on your contract that you can do spot checks on him/her. i know there are many good loaners out there and its only a few that mess you around but personally i wouldnt loan a horse of mine again and if i had to then it would only be to someone i could trust completely. i would put in the loan agreement a notice period but also that if concenered about horses welfare then the owner has the right to remove horse as and when needed.

sorry to put a damper on things but i hope it all goes well and you find the perfect person.
 
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