Pitfalls of loaning

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Happytohack

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I am going to see a couple of mini ponies tomorrow that might be suitable for my granddaughters. I really wanted to buy, but the owner loves these ponies dearly and wants to loan them out for 4 years while she is at University, after that she may decide to have them back or sell them. What sort of things do I have to look out for???? Would much prefer to buy really but I can totally understand her point of view.
 
get a bhs loaning agreement and sort out with loaner who is respnsible for insurance vet bills ect. Also if any thing happens and ponies have to go back how much notice will they require (do they have own land and could take them imediatly if something went wrong or they are not suitable. Good luck - let me know how you get on J xxx
 
As has been mentionerd in the previous post you need everything sorted out & on paper. Do noy do anything on 'good will & a handshake' as this is a recipe for disaster,

As mentioned there is a sample loan agreement on the British Horse Society Site & this is a link to it:
http://www.bhs.org.uk/DocFrame/DocView.asp?id=190

If every thing is in a contract each party knows their rsponsibilities & the whole arrangement will go smoothly.
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Get it down in black and white, then you'll know where you both stand.
A young girl on my yard had a 13 hand pony on loan, which the owner was apparently not bothered about. Came up to the yard on Saturday only to find a tiny, 3 yr old unbroken pony in the stall in its place! She now has nothing to ride and is still having to pay for its keep! If it were me I would take said pony to owners house and tie it to her front gate! Bl**dy cheek!
 
Thanks for the link to the example loan agreement. If I decide to go ahead and the owner is happy, then I will definitely get everything in black and white. Have only loaned once before - many years ago - a companion pony and all of a sudden after a couple of years the owner wanted her back immediately which left my poor gelding friendless. On the other hand I know of someone who loaned out her pony while at uni and never got back in touch with the loaners, who desperately wanted to return or rehome the pony. So I am rather relunctant to loan again.
 
i know of a girl who sold what we thought was her pony, turns out it was loaned. we only found out when the loaner arrived having managed to track down the last yard she had been known to have moved to (lots of moving it around, sold it when her parents were moving house out of the area)
 
I don't know why she is still paying - as she is pony mad, maybe she thinks anything is better than nothing - I certainly wouldn't.
 
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