putting a horse on loan, advice

D

DBrasnett

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Gloucestershire
www.brasnett-pratt.co.uk
My mare is for sale, but sales market is slow, slow at the moment. I am very keen for her to get out there and compete this season. I am not able to do it myself due to money and work commitments (see previous posts).

I saw her today (she is on a producer/seller) and she is looking amazing. She is so very ready to go novice. So, I have decided if I can't sell her soon, I would like to offer her out on loan to someone who wants to go BE novice this year maybe further towards the end of the season.

I have never had or offered a horse on loan so flying a little blind here!! Does anyone have any advice? hints, tips?
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With regards to a loan agreement, have a look on the BHS website, they have prepared one for people to copy. It's worth a look.
We are having to put my little boy out on loan as money is something almost unheard of in our house. Just try and get as much info on the person, ask for references and to see if they have their own BE/BSJA/BD records.
 
I've had horses on loan before and am currently looking toput my mare out on loan.

Get an agreement from the BHS site and alter it to suit. Be very thorough about references, checking them out and going to see yard etc etc. I would be especially caeful if i wanted to later sell the horse i had put on loan because you can never be 100% sure what you will get back. It would be awful to get her back in 6 months with all your hard work undone.

But as i said i've had horses on loan and it can work really well if you make sure you go through all the details. try asking around through everyone you know, always better to find someone personally recommended. Good luck
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I would take pictures of the horse showing its condition on the date of the loan, signed by both parties. I would make copies of these and refer to them in the loan agreement (havent seen the BHS one for a while) as being evidence of the condition of the horse when it went out on loan, and that if the horse is returned in a lesser condition, unless due to medical problems (i.e. virus etc) then the loaner will be liable for resinstating the horse to the previous condition. This seems to be the main area where horses just go wrong.

Also make sure you itemise all equipment that is to go with her, and document their condition. And I would specify that only your tack is to be used on your horse.

Insurance - make sure the horse is insured with a reputable insurance company and for the amount you have agreed - it would be awful if vet fees etc werent covered or the insurance company was a rubbish one beginning with e.

Maybe an instructor can recommend someone?
 
just be careful who you loan to. my mare went out and boy did i regret it.... make sure you get refs. try and get local so u can check every now and then / or get someone to half loan with you/better still loan at current yard.....be careful
 
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