You pay them. You pay them to look after and ride the horse for certain number of days a week for share. Part loan is seen as different to some, some people see it as you have to split the horses bills in half but others see it as a share.
I have sharers for my horse they pay me to ride him, they pay as he is a fab horse and it costs them a lot less to ride him than they would have to pay at a riding school.
Sharing normally means that it's like having your own horse you can generally ride for as long as you want and maybe have the opportunity to go to shows/events/sponsored rides etc. They don't have to do any stable jobs but if they do then that's a bonus for me.
Them paying me helps me to keep him and in return they get a fantastic horse to ride but without the commitment of owning one full time and the associated care. I arrange any vet visits, worming, shoeing, purchasing feed, bedding etc etc. So all in all I think its a pretty good deal for the sharer!
I would look at a loan as you having the horse full time you take on all it's responsibilities and costs but you don't actually own it, sharing means you share a part of the costs and responsibilities, either way you are not buying the horse and depending on if a contract has been drawn up between you and the horses owner you can walk away from the arrangement at any time.
i think who pays what depends a lot of the type of horse.
if you have a green horse or one with issues i think you are grateful to find someone experienced who wants to help school it and therefore shouldn't ask for financial help.
if you have a very experienced schoolmaster you could charge as the rider will be getting much more out of the horse.
you may want a horse on loan instead of sharing so you can ride 7 days a week, compete when you like, possibly move the horse etc.
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Thanks, this leads me to another question: logically, why would anyone want a horse on loan when you could be a sharer?
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quite obvious surely?!As said above if you share you only have a set amount of days a week with the horse, if you take on a full loan its like having your own horse as you are fully responsible for it
Most of the people I know charge sharers either per day or a set monthly amount even with green horses, as pointed out it's a lot cheaper than a riding school. If the horse is on DIY they are expected to do the horse on their day but not if it is on livery and the amount charged will be cheaper if you are expected to do chores.
What you can do with the horse depends on the individual, some let you compete, some don't. Some don't want other people jumping or schooling their horse.
IME when you don't charge then sometimes people are more likely to cancel at the last minute. It's as if you don't pay for something you don't value it.