Horses stolen on loan?

[Rollin]

Delighted to hear that Tim's chestnut Arabian has been found in Scotland.

A question for the 'experts' ...why not charge a holding deposit for loan horses? If you rent a property you are obliged to pay a deposit which nowadays is held by an independent authority. This would make it uneconomic to sell a horse on loan.

 

[Cuffey]

Now that is an original and excellent idea.
People certainly pay a 'fee' for loaning a WHW horse
Sure something similar could work privately--though where would the money be deposited? It might cover horses being returned minus tack as well-- as the whole deposit would not be returnable.

 

[T_K]

Surely though you would need to charge what the horse is worth - in which case the loanee would be better off buying their own horse rather than loaning. If you just charged a nominal fee any dodgy loanee would still make a profit when the horse was sold.

 

[MHOL]

[ QUOTE ]
Surely though you would need to charge what the horse is worth - in which case the loanee would be better off buying their own horse rather than loaning. If you just charged a nominal fee any dodgy loanee would still make a profit when the horse was sold.

[/ QUOTE ]

True, even a deposit would not work, the only way is to research who you are lending your horse to, check references, utilty bills, passports etc., get a proper loan agreement signed, making sure it covers that they must not sell the horse without written permission, or have the horse put down unless in an emergency and proof must be available that the animal has been disposed of correctly.

Visit the owners home and stables, if something is fishy, don't do it!

 

[Rollin]

If you rent a flat you do not pay the landlord the value of the property. You pay enough to cover damage or leaving without paying the rent.

The deposit would be held by an independent person e.g solicitor and would be sufficient to make it uneconomic to sell a horse at a market or for slaughter.

It is not the same as 'buying a horse' you have a money back guarantee.

 

[T_K]

The bond you leave on a house is there to cover damage, similarly you leave credit card details at a hire car company to cover damage.....but if you were to steal that car then it would be a matter for the police.