Putting your horse on loan/share - what terms?

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Sandylou

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Hi,
I've decided to put my horse up for part loan/share due to a change of circumstances.
Within hours of advertising I had a message from a mother & daughter duo who sounded perfect and since then they've been to the yard, handled my boy, ridden out alone & ridden out with others and everything has gone perfectly. My boy seems to like both of them and they're very smitten with him (not surprised :))
The mother owns her own yard which, although more compact than what I'm used to, has everything my horse needs and so they'd like to move him there. It's a little further than his current yard but only a 20 minute drive at worst and so I am almost 100% made my mind up to move him there.

What sort of terms do you think I should consider? - I.e. financial commitment, number of riding days, yard duties, etc.

Thanks
 
so would he effectively be on full loan to them or are you still planning to ride him?
if the first i would want a full loan agreement - BHS do a template thingy, you might want to include ;
a list of everything he is going with
requirement re insurance and copies sent to you and you named as owner
any specifics re particular farriers/EDT/vets/ back people
anything you don't want him to do
feed if this is an issue
notice period for return


if you still plan to ride him, perhaps agree which days you will all have responsibility
who does what each day
what happens if he is injured/ill and not rideable
agreed payments and what they should cover

i'm sure other people will have more suggestions:)
 
The BHS provides a very good example of a loan contract. You can download it and amend to suit your particular circumstances.

Whatever you do, get both parties to sign and witness a written agreement prior to starting any arrangement.
 
Thanks rubysmum :)
It's a bit of a difficult one in the short term as I'm pregnant so wont be riding until early next year. The potential loaner knows this and so they'll have full riding responsibilities until I'm back in the saddle. They've also said that its not a problem if I need time off when baby arrives in November and they'll do everything during that time.
I just don't want it to turn into a full loan for them only for me to coming wading in further down the line.
 
Do you mean how much financial contribution, number of riding days and yard dutues YOU will have to do? Because if you move him to her yard, she will hold the cards surely?
 
This might help...

PART SHARE AGREEMENT FOR ‘XXXE’

This agreement is made on XX 2012 between the parties XX (hereafter referred to as the OWNER) and XX (hereafter referred to as the BORROWER) for the part share of SMUDGE (AFERA) Approx XX hand high COLOUR BREED SEX (hereafter referred to as the HORSE.)

(1) The HORSE is to be used as general riding horse for the BORROWER and not for hire or reward.
1.1) The BORROWER must NOT allow anyone else to ride on their days apart from herself, unless agreed in advance with the OWNER who will not hold back agreement without good reason.
1.2) When hacking out or leading out on roads Hi-Vis must be worn (minimum of a tabard) and the BORROWER must be accompanied by another experienced horse and rider or an experienced handler walking at the HORSE’s head. There must be at least one adult over the age of 21 present when hacking out on the roads.
1.3) The livery yard rules must be followed at all times including the wearing of an approved safety helmet.
1.4) The BORROWER should take good care of the HORSE when riding, including but not limited to ensuring that the ground is suitable for the type of riding undertaken on that day; ensuring that the tack and any protective items such as boots are fitted correctly; ensuring the HORSE is correctly warmed up before cantering, galloping and jumping; and following any specific instructions from the OWNER such as limiting riding to walk following a back check up etc

(2) The BORROWER must pay to the OWNER the sum of £XX per month payable calendar monthly in advance on the 1st of each calendar month by cash or bank transfer towards the costs of keeping the HORSE. This is the only cost that the BORROWER will be liable for other than those mentioned in clause 4.2 and clause 7.2. This does not include any additional costs for competing such as transport costs and entry fees when such opportunity may arise
2.1) From time to time there may be periods where the horse is unable to be ridden i.e. due to lameness or injury. Due to the nature of horses such periods are inevitable and the BORROWER will still be expected to pay as normal during such periods. 28 days notice may be given at any time as per clause 5.1

(3) The HORSE is to be kept at ADDRESS .
3.1)The OWNER reserves the right to move the HORSE. The OWNER will inform the BORROWER in writing (email is sufficient), no less then 14 days before the HORSE is moved where practical or as soon as possible after the OWNER becomes aware if less than 14 days.

(4) The BORROWERS usual days to look after the HORSE are XX and XX unless otherwise agreed differently in writing with the OWNER. Extra days during each week may be afforded to the BORROWER when available at no extra cost.
4.1) The BORROWER’S days may be changed by the OWNER in some circumstances with a minimum of 7 days notice. If the OWNER and BORROWER are unable to agree a suitable convenient replacement day the OWNER will credit the BORROWER the sum of £X per day
4.2) Where the BORROWER is unable to look after the HORSE on their normal day they must give the OWNER as much notice as possible. Where additional costs are incurred by the OWNER due to the BORROWER giving less than 24 hours notice the OWNER may charge reasonable costs back to the BORROWER e.g. the cost of a field check or muck out to a maximum cost of £10.00 per day.
4.3) Where the BORROWER is unable to look after the HORSE on their normal day the OWNER will endeavour to agree a suitable alternative where reasonable. No refunds will be applicable where the BORROWER is unable to attend on their normal day.
 
(5) The part share period will start on XX and continue until any of the below apply:
5.1) The BORROWER no longer wishes to loan the HORSE. The BORROWER will inform the OWNER in writing (email is sufficient), no less then 28 days before they wish the arrangement to end.
5.2) In the instance that the HORSE is moved and the new location is inconvenient to the BORROWER, and the BORROWER has had less than 28 days notice of the move the BORROWER may end the agreement from the date of the move.
5.3) The OWNER no longer wishes to share the HORSE. The OWNER will inform the BORROWER in writing (email is sufficient), no less then 28 days before they wish the arrangement to end
5.4) The OWNER believes the HORSE is not being treated or looked after in the correct manner. The OWNER may at his own discretion give the BORROWER a specific period of time in which the BORROWER must rectify any reasonable issues that the OWNER may have. The OWNER hereby reserves the right to end this agreement with no notice whatsoever if the OWNER believes that this is in the best interests of the HORSE or if the terms of this agreement are broken. The OWNER will not unreasonably invoke this clause.

(6) It is understood by the BORROWER that when they are responsible for the HORSE that they carry out the following tasks.
- The HORSE is checked and groomed (minimum of hooves picked daily and tack area groomed when riding)
- Muck out the HORSE’s stable in full if the HORSE has been stabled the night before the BORROWERS day; including filling water bucket with fresh water.
- Give the Horse feed and hay when required on the BORROWER'S days as the OWNER requests.
- Rugs are put on and taken off the HORSE when appropriate on the BORROWERS days.
- Feed and bedding will be provided by the OWNER.

(7) It is understood by the BORROWER that the HORSE
- must be kept in the paddocks/stable dictated by the owner/livery yard
- must not be clipped, have its mane or tail trimmed without prior written consent unless carried out by the OWNER.
- must not have any item of tack or saddlery changed without prior written consent unless carried out by the OWNER.
- may not be ridden or exercised if lame or ill, or in the absence of correctly fitting tack.

(8) The BORROWER and HORSE will have a minimum of 2 lessons within the first 8 weeks of the agreement with the OWNER’s instructor. This is to ensure a good partnership is formed and maintained by the BORROWER and the HORSE and that schooling/general riding techniques are consistent between BORROWER and OWNER with regards to the HORSE.
8.1)The BORROWER may also use the HORSE for any lessons they wish to take at their own expense using the OWNERS riding instructor.

(7) The BORROWER is responsible for ensuring problems with the HORSE are promptly reported to the OWNER.
7.1)If the HORSE requires any veterinary or other treatment the BORROWER will contact the OWNER and the decision will lie with the OWNER. In a case where the owner is not available the BORROWER will seek advice from the Livery Yard Manger before calling the vet where practical. The BORROWER may contact the registered vet (NAME OF VET) or farrier (NAME OF FARRIER) without prior permission in an emergency situation.
7.2)All shoeing, veterinary and tack costs are payable by the OWNER unless they have occurred due to sole negligence of the BORROWER in which case the BORROWER may be liable.

(8) It is understood by the BORROWER that the HORSE is susceptible to Laminitis and suitable measures as instructed by the OWNER to prevent an outbreak and to monitor the HORSE for symptoms must be carried out as required. The OWNER will provide general guidance to the BORROWER at the start of the agreement.

(9) It is understood by the BORROWER that they are responsible for ensuring that they have their own ‘rider insurance’ if wanted and that both horse-care and riding carry their own inherent risks and at no time can the OWNER or the HORSE be held responsible for anything.

(10) It is understood by the BORROWER that at NO TIME is she the registered OWNER of the HORSE and under no circumstances whatsoever is she permitted to loan, lease or sell the HORSE to any third parties.

(11) It is understood by the BORROWER that all items belonging to the OWNER must remain at the yard unless in use at the time on the HORSE unless otherwise agreed in writing (email is sufficient).This excludes saddle cloths which may be taken home to wash from time to time, but will usually be washed by the OWNER.
- All tack/items must be kept in the locked tack cupboard and the tack room left locked when the yard is unsupervised.


- Signed ____________________ Signed _________________

Witnessed by ________________ Witnessed by ____________
 
9tails said:
Do you mean how much financial contribution, number of riding days and yard dutues YOU will have to do? Because if you move him to her yard, she will hold the cards surely?
Click to expand...

Thanks for your reply.
She may possibly want to call the shots you're right which is what I want to avoid really. I advertised for a part loaner/sharer and the potential loaner/sharer asked if I'd move him on that arrangement not as a full loan.
Unfortunately I won't really have much say until next year though as i can't ride until then & when winter comes around ill be limited as to what I can do.
Maybe I should put a temporary loan contract in place and review it next year to make it more of a share arrangement.
 
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