Loan agreements

[Mildred]

Does anyone loan their horse out? Did you use the draft loan agreement from the BHS website? What do you do regarding the passport, as obviously if the horse is out competing/travelling it needs it - but without it how do you 'prove' ownership, in the unlikely event you need to? Do you normally insist on the person having the horse on loan having insurance to include vets bills? Do you get a solicitor to look at the loan document or is it kept more informal? Any other handy tips to pass on regarding loaning?

Thank you (from someone who's never loaned a horse out before)

 

[TGM]

My daughter's outgrown pony is now out on loan (and the one she outgrew before that also went out on loan before that). We used the BHS agreement and tweaked it. I think in most cases I have hung onto the passport for a while but then let the loaner have it for vaccs, travelling etc and let them keep it after that. The loan agreement should make it clear that ownership has not transferred.

If you are thinking of loaning from someone not well-known to you, then I would seek references for them (from vet, Pony Club, farrier or whatever) and double check that they live where they claim to (via 192.com, production of utility bill etc.)

 

[Wheels]

I've recently taken a horse on loan - the agreement states that I'm responsible for vets bills and that I have to have insurance for theft, straying and public liability & states the value of the horse.

I think the owner found a sample agreement online but it wasn't the BHS one, similar stuff on it though.

She has kept his passport and I'll just get if off her for vaccs etc. as and when required

 

[Tiasmum]

Did you use the draft loan agreement from the BHS website?

Yes

What do you do regarding the passport, as obviously if the horse is out competing/travelling it needs it - but without it how do you 'prove' ownership, in the unlikely event you need to?

Passport I believe (correct me if I'm wrong) is not proof of ownership and mine went with the passport for competing.

Do you normally insist on the person having the horse on loan having insurance to include vets bills? Do you get a solicitor to look at the loan document or is it kept more informal? Any other handy tips to pass on regarding loaning?

I kept my insurance going just in case although any vet bills would be their responsibility, didn't have a solicitor to look at agreement.