Part loaning etc?? (might be long very sorry)

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GypsyGirl

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Hey everyone,

So im all confused at the moment and not really sure how to write this so it may just seem like im rambling .. very sorry in advance but here goes ..

So theres currently a horse coming up for sale in my field and my friend (lets call her her A)has him on full loan .. Now my other friend who is selling him (lets call her B) went to A first and asked if they would like to buy him.

A's parents wernt keen on the idea the dad says no and the mum said will think about it .. so A has now said that they don't think they can buy him .. SO ..

My older sister is wanting to buy something now, and this just seems like a great chance to buy such a talented boy that weve known for years (thats also kept in our field with my horse). So I mentioned to A and B about maybe buying him but then instead of having A full loan him like she does now .. maybe she can part loan him instead so 3 days she can ride him and play with him and the other 3 days my sister can and he can have a day off etc. It would do him some good to be out and about as much as possible as he gets very bored very easily!

So now A has said she would like this as she would rather part loan him then loose him ..
So tonight im going round there house to sort things out about loaning so that we know where we stand before we buy him etc ..

So I just wanted some advice on the "part loan" side ..

Before A got the horse on full loan she shared him and paid £10 a day for him .. We said she could have him 2/3 days a week if thats what she wanted .. and then the £10 a day will cover his feed and livery. We also said that if she wanted to take him to a show thats not her day then she can .. and if she wanted lessons like she has now and there not on her day then thats fine we can also swap them around when that comes up etc ..

So would it be fair for her to pay £10 a day for him?
Also would it be fair to ask them to pay half towards trims, worming, vaccinations?

But now also hears the difficult part .. what do we do about the insurance.. is this down to the owner to pay or isit fair to ask them to pay half towards it? OR any other outstanding vets bills so that everything just gets halfed? OR is this asking way to much and is the owners responsibility ..

I know that if the horse was on full loan then they'd be having to pay for it like they do now .. but im not sure how it stands with part loan? Because the horse would be half hers?

I own a 15.2 6year old tb and obviously because I own her I pay it .. and this would be the way if they didnt want to pay for insurance etc then we'd pay it as were the owners?

So im just wondering how it all works etc and some advice!

Please dont shout at me if you think im doing the wrong thing etc .. just thinking of asking them what they would like .. and tell them what we would like and then seeing how we can all go about it etc?

Thank you in advance!
 
I think if she pays £10 a day, that's what she pays. That then goes towards all your costs of owning the horse. That's then £20/£30 a week which sounds like a fair contribution to me.

ETS: personally I'd always rather take responsibility for paying insurance as the owner. That way you know it's the cover you want and it's paid for without fail.
 
I'd say she either pays you a set amount each time, or pays half towards bills.

A set amount each time is going to be a lot easier to manage, as you both know where you stand.

Ditto above re the insurance, I'd want to be in complete control and know what I've got insured and that it's paid.
 
brilliant thank you, I just hate asking people for this and for that etc and really dont want to be horrible and asking for too much etc but obvs just need to sort everything out before we go ahead buying him etc.

Ill have a sit down and ask them what there willing to pay and what there not and see what they think and if we can come up with something etc.

I hope it goes well im so nervous :( lol
 
If you look on the ******* website under 'Equine Guides' there is quite a lengthy information guide on part loaning and sharing re who is responsible for what and who pays what as well as a sample part loan/ sharing agreement. I am sure this should answer some of your questions and give you some things to consider

:)
 
If you go ahead with this please be very specific up front and in writing about what is and is not included in their contribution and what jobs they are expected to do. I know only too well it can easily lead to resentment months down the line when things aren't clear.

For example, bedding included in share price, but in view of sharer not enough supplied and sharer ends up buying extra....! Owner then doesn't buy any for even longer as sharer has bought some so sharer feels even more peeved!!
 
I would say that 25-30 per week and half of shoes is reasonble. Everything else probably best controlled and paid for by owner. I have done both ways, and the splitting everything evenly was rather messy and awkward. I also think essentially the horse does not belong to the part loaner, and so costs should reflect the lack of control of that person.

As above, get a propper contract, it is a big help when any issues come up. Also, i hope you are not going to struggle to pay for the horse if the loaner leaves, because they often do.
 
I think that £30 a week ought to be all inclusive. Unless they are on ridiculously expensive yards...

OP I think that you sound like you are being sensible and weighing everything up. Its very nice that you're willing to swop round days etc to let her go to shows, but perhaps review that every few months, as your sister may well want to do things as well in the future, and this arrangement may well prevent that.

Hope that it all works out well for you all.
 
I've had a few people sharing my horse over the years. I would ask a set amount per week between £20-30 but you can't expect money for shoeing etc on top of this. I use a written loan agreement I got from BHS and modified to suit my needs. In regards to insurance after speaking to my insurance company my horse is insured for someone else riding her but the other rider wouldnt be if anything happened to them. In my agreement I suggest they get insurance to cover themselves and state that I can't be held liable for an accident. BHS gold membership covers riders cheaply.
 
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