Loan Agreements.

S

ScattyBella

Well-Known Member
Joined
17 November 2010
Messages
92
Location
With the Bigs, the Minis or in bed!
Visit site
I've been umming and ahhing over loaning out my ISHX for about 6 months now, He is superb in every way and at the moment I'm not really doing him enough justice. He is a fab hunter and was sold as an event prospect before i rescued him. I have owned him for 4 years now and have made him what he is today and I've kind of been half looking for a loaner. My friend hunts with him and we hack regularly but she has just taken on a hunter for herself and Domino has become a bit redundant.

Anyway i have found (or rather she found me) a girl who want him on loan, she came to see him today and though she is very *ahem pushy and straight down the line, they really hit it off and they do have a great connection.

I set the record straight as far as my loan agreements, that he is not to be taken further than a 50 mile radius of me, I am to be kept in the loop regarding where he is taken to and I want to vet the place she wants to take him. Financially I will pay for his insurance and will be notified of any visits from the vet. I will visit him at least once a month for the first six months and will cover any bills within reason (if they are incurred through her own fault she will be responsible) including the dentist. Her financial responsibilities will be his livery/feed etc and farrier.

She competes and has use of trailers and whatnot and is very knowledgeable but she seemed really put out that I was being so strict, she kept mentioning her last loan horse and how easygoing the arrangement was and I couldnt seem to get it through to her how important this horse is to me. she seemed to think I doubt her ability and its not that at all, I brought Dom back from deaths door, almost lost my job and my husband over him and he means the absolute world to me, to me he isnt 'just a horse'.
I dont doubt she will be nothing but good for him, but after the disaster we had with my last loaning I need to be as careful as i can be.

He hasnt ever really left me yet, and I do worry about him and want to keep a good eye on him for a while, surely thats not being unreasonable? He is as tough as nails physically but emotionally he is still a bit more dependant on me than Id like, but its understandable and she did grasp that, he was awfully loving to her too and she thought it was ''beautiful to get such affection from a horse I've only just met''

She left it that she will 'think about it' and get back to me, and didnt seem half as enthusiastic as she was after she dismounted him.

Does this sound too unreasonable? I did make it clear after six months if everything was going well then we would review the situation.???
 
Sounds very reasonable to me and generous if you are paying insurance & dentist.

I had a loan and would have been more than happy to let his owners visit every month. I paid everything for him. I always let them know if we went out competing ect but they didn't expect me to I just thought it was nice to keep them informed
 
Well to me it sounds perfectly reasonable. Like her, I had a very easy-going loan arrangement but I would have been more than happy to stick to your arrangements. What is it about the arrangement that she feels is so strict? You are giving her a huge amount of financial help with the horse, which I personally feel is very generous, and she can hardly object to you vetting her yard and seeing the horse once a month? That has nothing to do with doubting her ability, it's making sure your horse is in a suitable and safe home. As I said, what is her issue?
 
No, sounds very reasonable! Considering you are still paying for insurance and vets. I would expect that you wanted something in exchange. The distance is pretty much the same with any loan agreement. That you want to see him, you would think, would be fine in any circumstances (he is still your horse after all!!) unless she isnt planning to keep him at the yard you are going to be vetting, or something else is going on perhaps? If she is going to argue about any of it, shes not worth it. at the end of the day hes always going to be YOUR horse, if anything happened, hes still your responsibility. Good luck!! x
 
I may be putting my horse out on loan, and I've told potential loaner that I will be visiting him weekly for a couple of months, and then monthly for the duration of the loan - she was perfectly happy with this.

I think you're being perfectly reasonable, you will still be his 'mum' at the end of the day!
 
The insurance is more because if I pay it then A. I know he will be insured and B. my insurance premium is very low and I want to keep it that way.

I have emailed her the Agreement and spoken to the friend of mine she got my name from who seems to think she is still mega keen but felt that i didnt trust her and my friend is doing her best to convince her this isnt the case. I can understand I may have been a bit full on but the vibe I got from this girl was that what she says is usually the law and I wanted to be very clear.

She lives 20 miles from me so will be moving him, which is fine as long as the place he goes to is okay.
 
Ummmm, if it appears to you that she's being cagey, I wonder why this is? I think you are being more than reasonable, and are quite rightly concerned for the welfare of your horse, and so would I be too.

Although, as you say, your horse and her appear to have "hit it off", I think you should be very careful indeed with this one; as not everything that glitters is made of gold.

Your loan agreement should include stuff like: owner's access to horse, what notice etc., and how often; also what happens in an emergency - you as owner should have it in writing exactly what you want done, i.e. all reasonable attempts will be made to contact you but failing this the PTS decision would have to be made in your absence etc (awful I know, but you must have what you'd like written into any agreement); you also need to have who exactly will be riding (not every Tom Dick & Harry!); and what usage, i.e. just hacking or hunting/competing etc? You will also need to check with your insurance that they'll cover these risks whilst the horse is being kept by someone else.

I loaned by boy to somebody I thought I could trust - a BHSI no less - and would need some hard persuading to do it again.

You need to have a proper loan agreement in place BEFORE the horse leaves your yard; if she's iffy about signing and getting it on a proper footing, then tell her to look elsewhere. There's plenty of other people out there who'd appreciate a good horse.
 
MiJodsR2BlinkinTite said:
Ummmm, if it appears to you that she's being cagey, I wonder why this is? I think you are being more than reasonable, and are quite rightly concerned for the welfare of your horse, and so would I be too.

Although, as you say, your horse and her appear to have "hit it off", I think you should be very careful indeed with this one; as not everything that glitters is made of gold.

Your loan agreement should include stuff like: owner's access to horse, what notice etc., and how often; also what happens in an emergency - you as owner should have it in writing exactly what you want done, i.e. all reasonable attempts will be made to contact you but failing this the PTS decision would have to be made in your absence etc (awful I know, but you must have what you'd like written into any agreement); you also need to have who exactly will be riding (not every Tom Dick & Harry!); and what usage, i.e. just hacking or hunting/competing etc? You will also need to check with your insurance that they'll cover these risks whilst the horse is being kept by someone else.

I loaned by boy to somebody I thought I could trust - a BHSI no less - and would need some hard persuading to do it again.

You need to have a proper loan agreement in place BEFORE the horse leaves your yard; if she's iffy about signing and getting it on a proper footing, then tell her to look elsewhere. There's plenty of other people out there who'd appreciate a good horse.
Click to expand...

My LA includes almost all of that ^ (its three pages long in small script) I literally bullet pointed the things she seemed to take issue with and I dont think I was being too pushy, after sleeping on it.

She said she will cal me on monday and visit him again, they did bond superbly . He is a very affectionate horse anyway but I did see a difference in him with her, fingers crossed it will all work out because she is a nice experienced girl who I know would do wonders with him.

thankyou for everyones advice.
 
I am in process of having my friends horse on loan as she is having a baby, and we have discussed loan agrements and I said to her to use the BHS one and her dad is having it checked by a solicitor....I am fine with this he is her horse and although I haven't done a loan for quite some years I am grateful to have her horse really and will respect that.

Horse is being moved from Portsmouth Hampshire to Essex so is moving quite dome distance, however friend knows full well that he will be well looked after.

She wants me to pay his insurance though - is this something that a loanee does?....like I say I don't know cos I have owned my own.

Thanks....

Good luck with her too....
 
ScattyBella said:
The insurance is more because if I pay it then A. I know he will be insured and B. my insurance premium is very low and I want to keep it that way.

I have emailed her the Agreement and spoken to the friend of mine she got my name from who seems to think she is still mega keen but felt that i didnt trust her and my friend is doing her best to convince her this isnt the case. I can understand I may have been a bit full on but the vibe I got from this girl was that what she says is usually the law and I wanted to be very clear.

She lives 20 miles from me so will be moving him, which is fine as long as the place he goes to is okay.
Click to expand...

I loaned a WBxTB last year and while the owners continued with their insurance, I sent them £30 a month to cover the insurance costs. I then paid everything else on top including dentist and McTimoney treatments. I also signed a loan agreement, the conditions of which were agreed by myself and the owners and it covered all eventualities!
I think you are being extremely generous! Even though you say your horse and her get on well, you need to have a good working relationship with this person too. If it's difficult now before she's even got him, imagine how much worse it could get further down the road. Sorry to sound doom and gloom, but if your horse is as nice as you say he is, you will have no difficulty finding him a more appreciative loan home!
 
Look, if she wants the horse she will comply with your perfectly reasonable requests and well done for being so straightforward at the beginning, it saves a lot of problems in the future.

If she doesn't come back, then presumably she isn't the kind of person you could work with and you would undoubtably have issues later on.

If you are worried, give her a few days thinking time and then a phone call asking if she has decided. Explain that once you have confidence in her that you would be more chilled!!

There will be the perfect loanee out there for you somewhere.

(PS I pay for the insurance, teeth, saddle fitter and trail the horse around if necessary - like you I am happy to contribute, but really do want the horse looked after properly).
 
I think that you are being more than resonable..... in fact I think you sound like a very good person to loan a horse from! Somebody that doesn't just pretty much dump everything on the loaner. You stick by your guns... at the end of the day if it's meant to be then it's meant to be :)
 
It may be good to mention the name and address of her yard in the agreement, and I would consider freeze marking the horse before he goes on loan, just in case...

I would be happy with the arrangement you are suggesting, and I think it is reasonable (and if I were loaning I would be happy that the horse was well cared for and loved). Some people may not want the owner to be as "involved", but then you might not be a good match?

Perhaps she has concerns that you will be constantly looking over her shoulder telling her what to do :-) It is a trade-off though, since a less involved owner who did not want to supervise her closely may not be willing to pay for the particular costs that you mention.

Regarding supervision, I think this would depend a bit on whether the horse will be on at least part livery at a yard you like, or if it is to be kept DIY somewhere with less supervision from yard managers. For example, if it it puts her off that you come to visit so often, perhaps you could reduce it to after 1 month, 3 months and 6 months?
 
You must log in or register to reply here.
Top