The loan can be beneficial for both the borrower and the owner. Buying a horse or ponies can be expensive so many people are looking to borrow a horse instead because it takes away the initial cost, but with many of the same tasks as owning a horse. The loan is a less durable deal than buying and it can be a fantastic first step to having your own horse. For a loan to work well, both parties must agree on their responsibilities and ensure that all contingencies are planned, especially what will happen when the loan expires unexpectedly. We strongly discourage a written agreement. Make sure the agreement is acceptable to both parties; Don`t agree with something if you don`t intend to put it into practice or if you don`t agree. A loan contract is an important way to reduce risk and protect the owner, the loan player and, of course, the horse. If you need advice in the event of a breach of contract, this will be considered a civil matter and professional legal advice should be sought. Unfortunately, the BHS cannot contribute directly to the resolution of civil cases. Horse-sharing agreements may seem a little too formal for chords that are primarily for fun, but they reduce the risk that the agreement will later become acidic. These easy-to-treat agreements were written by a lawyer with long riding experience and cover cases that could lead to disagreements, for example: who is the task of calling the vet, who stabilizes the horse and when each owner can ride, and so on. Nicki downloaded and adapted the BHS loan contract. Looking for a horse to share? Horse`s horse shares – Hound Covering the share of the horse known as: “If the shareholder is asked to pay for certain mentions such as shoes or food instead of taking money, this is avoided.” Lee and Nicki agree that a month`s trial is a good idea for both parties, while a one-month delay in terminating the agreement should allow the owner to enter into other agreements.
In case an action went wrong and the owner thinks they are owed money, Jacqui proposes to write first to the shareholder. But adds that “at the end of the day, the owner can take the shareholder to the small claims court to recover the unpaid money.” The details of a proportion of horses vary in all cases, which is why Nicki advises to be clear about what you are looking for and what the horse looks like in your ad, whether online, in a tack store or by word of mouth. “You can develop a legally binding agreement yourself,” Jacqui adds. “But one of them, designed by a horse lawyer, is more likely to cover all the necessary areas.” This contract is set for the date of `20`. This standard contract for horse representation serves only to guide and legal advice is needed to ensure that each contract is legally binding. Looking for someone who shares your horse? Book a horse to promote shares on our online classifieds site of only £15, but Lee warns: “Financials need to be treated carefully to ensure that the action does not become a trade deal, which can have an impact on things like insurance.