Part loans and giving notice

[Love]

I remember a thread a while ago where I learned that if a loaner pays weekly, they only need to give a weeks notice to stop the loan, pay monthly and it's a months notice etc.

I am looking into part loaning my boy whilst I am at uni, the days the loaner didn't have him he would be on full livery. If the loaner paid weekly but there was a contract written up to say I required a months notice for the loan to stop, does that 'override' the above?

 

[piebaldsparkle]

Yes. However the reality is that you will only get as much notice as your sharer gives you regardless what is in the contract.

 

[Myloubylou]

Agree with piebaldsparkle. Worst notice I got was on the day sharer was supposed to ride she said she was stopping riding. Luckily my mare was on part livery so no panic about care. She paid monthly so already had money.

 

[burtie]

Notice period on a part share is largely irrelevant. It would be nice to get more that 1 day but what could you do about enforcing it? I think I put 3 day in my part share contract, but I'm sure my sharer would give me a little more, if it came to it, at least I hope so!

 

[Natch]

Yep, as above you can put what you like in the contract but the loaner can do what they like is good that you've got full livery available though, sounds like you wouldn't get stuck for care.

Would you be able to cope financially if you were between sharers for a while?

 

[Love]

Thank you for the replies I understand we're you are coming from. Just out if interest how enforceable is a contract?

Would you be able to cope financially if you were between sharers for a while?

I would be able to yes, but would obviously prefer not to have to as I'm sure everyone would! Hence why ideally id like a month as I will be away so won't be as easy to fine a new loaner. Hope that makes sense!

 

[DabDab]

Yes a contract would over write the general rule, but it is almost impossible to enforce when sharing/loaning a horse.

 

[Polos Mum]

Thank you for the replies I understand we're you are coming from. Just out if interest how enforceable is a contract?

Almost any contract would be enforcable, the question is whether it's economically viable to do so. If you have to go to court and incur £000's in court and legal fees to recover a months worth of sharer notice (say £20 a week so £80!) then it just isn't worth it.

Same with dealer sales contracts when buying a horse - the court costs of making a claim (and debt collectors costs for collecting the cash) make it just not practical for even a £5k horse.

 

[Love]

Almost any contract would be enforcable, the question is whether it's economically viable to do so. If you have to go to court and incur £000's in court and legal fees to recover a months worth of sharer notice (say £20 a week so £80!) then it just isn't worth it.

Same with dealer sales contracts when buying a horse - the court costs of making a claim (and debt collectors costs for collecting the cash) make it just not practical for even a £5k horse.

Thats a very good point. I suppose all i can do is put it in and hope for the best, got more of a chance of it happening that way than not having it in the contract at all!