Cost of having a loan agreement drawn up?

[PennywithHenry]

My Mum's loaning out her coloured warmblood stallion, for non-breeding purposes.

She wants to outline what the loan agreement should include, then have it drawn up by a solicitor.

Does anyone know how much, roughly, this would cost? Are there any firms that specialise in this sort of thing, also, what should the agreement include?

I suggested the basics; feet done every 6-8 weeks, jabs done, worming, not to moved from stated loan address without prior consent....

 

[Mrs_Wishkabibble]

There's a really good one on the BHS site. You can tailor it to your own specification.

 

[scotsmare]

Ditto Hollyf - I'd use that one and save yourself some money!

 

[Spyda]

Ditto BHS web site one.

Here's the agreement:

BHS Loan Agreement

 

[Frances28]

Lawyers fees £150 - £300. BHS is free. Make sure you carefully look at the wording to maintain consistency.

 

[badgerdog]

The BHS one is a good guideline but I don't think it's worth the paper it's written on unless a lawyer is present. I could be wrong but I'm sure I've read that this is the case.

 

[spitchwick]

I have used the BHS one, and it's absolutely fine.

 

[scotsmare]

I think so long as it's properly witnessed the BHS one is fine.

 

[Parkranger]

Of course it would stand up - a contract is a contract and if it's witnessed by witnesses then they would be brought to caught if there was a dispute....