Financial side to loan/sharing arrangements

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Acolyte

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I've never done this before, so not sure how it works, but I have to either put my boy out on full loan for 6 months OR find a sharer for him.

I was expecting that, if he went on full loan, I would not be liable for ANY costs during that time - livery, shoeing, feed, hay, vets bill, etc etc would all be met by whoever had him. Vaccinations aren't due until July so that shouldn't be an issue.

If I was to find a sharer I would want a 50/50 split in financial costs, with a similar split in riding,mucking out etc. (Although I would be happy to muck out/care for him all the time IF the sharer wanted me to, and would be happy to only ride once a week if the sharer wanted to ride more often)

Is this fair and acceptable, or is this not the way it works
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- any advice please
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yes, that's how it normally works, except that I am a sharer and I don't pay vets bills - just a standard monthly amount that covers half the day to day costs.
 
I think it is pretty much for you to work out with the other party, then get it drawn up in a contract and signed by both.
When I had the mare on loan before I bought her, I paid all the 'running costs': livery, shavings, feed, hay etc (although I could just not stretch to the farrier, which her owners kindly paid for me). They paid for the less regular / one off costs such as vets for jabs, dentist etc and any purchases of 'assets' (tack, rugs). So, basically, anything that added to the value of the mare in terms of purchases for her or her wellbeing were paid for by the owner, and anything that was required for her general upkeep was paid for by me.
Vets bills for accidents / colic and the like were split 50:50.
Don't know if this is the usual kind of agreement, but it worked very well for us.
Hope that helps.
 
Thats OK, he is already insured (vets fees etc) so I guess I will be resigned to continuing to pay the monthly insurance premium if he does go on loan. Would rather he was insured just in case, thank you
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Thank you thats really helpful - makes sense the way you put it, as the owners will be benefitting from any increase in value of the horse or assets
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I share and I pay a set amount to the owner for the days that I do. I think she's pretty much just totted up all average costs and divided it by the number of days to reach a figure. She charges £10 per day. She is then liable for paying all bills / costs.
 
Another good idea, thanks
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- my monthly basic equine running costs are £332 so yep it would be £10 or £11 per day that I would be hoping for too!
 
If you share, you will really struggle to find someone who will be willing to split the entire costs of keeping your horse down the middle.

I share my lad and have done for five years. He is a full livery horse, so my total costs in keeping him, including vet, farrier, denitst, supplements, replacement of equipment, insurance etc., comes to just under £600.00 per month, yet I charge my sharer £20.00 per week, plus half the cost of the farrier on each visit.

I don't think that it is reasonable to ask a sharer to split everything equally - the horse belongs to you and as such you should be responsible for things such as vets's fees.
 
Thats fair comment - thats really the sort of other perspective I was hoping to get too, so thanks. I guess it will be a matter of talking to potential sharers and seeing what they would be happy with
 
With my horse on loan, they pay for all maintenance/upkeep (ie food and bedding). Then we split the cost of shoes as she has to have natural balance and I was feeling nice. I pay for all normal vet stuff such as vaccinnations, but we split all other vet bills, unless, (because she has had hock arthrodesis) they go against the regulations in my contract regarding hard ground/warming up/jumping etc and then they are liable....not sure if when push came to shove how well that would work.

On that point, if you do put your horse on loan, stipulate any injuries that may need certain attention, such as bad joints etc. The pony had arthrodesis and therefore I have said no excessive jumping. Well, that is what I said, until the mother showed me a picture of the pony jumping 4ft. Hmmmmm. Sorry....ranting on your thread, just irritated me, and then don't know what to say as I would like them to buy her when I leave the country!

So yes, that is the downside of the share/loan - they do things that you may be uncomfortable with you doing. BUt on the whole, it does work well, and you can write in to the agreement various visiting/riding rights for yourself. I go down about every 10 days.
 
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