Starting a Part Loan/Share Agreement

M

mischamoo

Well-Known Member
Joined
21 October 2011
Messages
380
Visit site
I'm looking to put one of my horses out on part loan and have found someone who is keen to take them on and I wanted to do it on a basis of a month's trial first.

I have drafted up a part loan agreement I would like them to sign just stating what they can/cannot do with the horse etc, the amount they'll pay each week etc, basically to protect both myself and them.

Do I ask them to sign the agreement from the very start or after they have done a 1 month trial and they confirm that they definitely want to take the horse on? Am very new to this part loaning stuff and haven't done it with any of my horses before so some guidance would be great!
 
right at the start but put a section in about the months trial stating that the notice period in the main agreement won't apply until after x date when the trial period ends - up to that date the notice period is 1 day
 
Polos Mum said:
right at the start but put a section in about the months trial stating that the notice period in the main agreement won't apply until after x date when the trial period ends - up to that date the notice period is 1 day
Click to expand...

Yes that's a good idea. I would add to it that all other restrictions and costs apply even for the trial period.
 
You must log in or register to reply here.
Top