please help! lwvb how does it work?

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Spotsrock

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I have a lady coming to see pony at 3. Sounds perfect for him. She's looking to loan with view to buy. She's fairly local so happy enough that I could keep an eye during the loan bit. I assume we agree a price upfront. How long do u normally loan before u buy? Do I take a deposit? If she then doesn't buy do I return said deposit? Please help, she's coming soon!
 
In your position, I'd take a non-refundable deposit, say 10% of the agreed price. If she returns the pony you keep it, if she buys then she pays the remaining 90%. I'd think 3 months a reasonable time period? That's just my instinct though! Good luck with it :)
 
I would be wary so look at the BHS loan agreement template as you can adjust this to your needs. Also look on the Missing horses on loan site for advice.

I would have the deposit non-returnable. The horse is still yours (no transfer of ownership) until the whole amount has been payed. Flag the pony as 'on loan' at NED online/freezemark company etc... Definately agree the price upfont and the term of the loan (I would guess between one month - six months).
 
I am doing this atm. The horse is kept at mine and she rides either in my school, or I accompany her on hacks.

I have not taken a deposit of her as she is a friend/ex livery and trust that she won't mess me around - however I have asked her to pay for his next set of shoes in lieu.

We have agreed a time scale of 1 mnth in which time she can ride him as much as she likes.

We also agreed on price/tack etc before the trial period started.

If I was in your position:

- I would write a contract and specify loan period
- I would go to see where the horse is to be kept
- I would ask for references
- I would ask for a 10% non returnable deposit

Hope it works out x
 
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Make sure you draw up a good contract. I know that the BHS have a template loan contract that you could alter. Will the horse be kept with you still? If not, before the horse leaves the yard make sure you agree:

The final price that the loanee will pay.
The price of the non-returnable deposit (10% sounds pretty good to me.)
Insurance details.
Who is responsible for vets fees.
Who will pay for farrier/feed etc.

Make sure you inspect where the horse will be kept and get references if you can. When the horse is on loan, if they are reasonably close I would do a 'drive-by' every now and then to check on the horse but maybe that is just me being paranoid. *disclaimer* I do not mean trespass on someone else's property/interfere/cause havoc etc.

3 months sounds like a reasonable period of time but if you think the lady is perfect for your pony then I wouldn't hesitate to extend the period to 4-6 months. However the deposit should increase accordingly.
 
She likes him. He sort of behaved but not perfectly so i'm confident she'll stick with him. Details to sort out but the basics are covered. Thanks for the help. :-)
 
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