The contents of the loan agreement are personal to you and should reflect your wishes and plans for the future. However, you can consider it a basic minimum: the law requires that a passport remain inside the horse. Therefore, the passport must be kept by the person who has the primary care of the horse, if not the owner. When a horse is loaned and moved to a new farm, the loan must have the original passport. Many owners feel uncomfortable doing so, but there are a number of steps you can take to protect yourself that belong: When buying a horse, it is always recommended that you have performed a pre-purchase analysis of your chosen veterinary practice. A basic or insurance check consists of two levels (in the barn and in the hand), while a five-step check examines all aspects of the horse, including under the saddle. 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. This standard contract for horse representation serves only to guide and legal advice is needed to ensure that each contract is legally binding.
Frequent questions about equine and equestrian insurance for BHS Gold members and insurance that is available to BRC members at affiliated events. www.bhs.org.uk/our-charity/press-centre/news/2019/november/horse-sale-agreement The prospect of lending a horse is exciting, but there are a number of important considerations, such as time fixing and finances, that need to be carefully rethought before choosing a loan. The decision to borrow a horse should not be taken lightly or hastyly, as it can be extremely annoying to have a horse that is unsuitable or dangerous. It can also leave the new borrower in a difficult situation. Before you sign anything, make sure you have carefully examined the person who lent the horse. Photograph the horse with the person and write down the registration data of the horse box or car. Be sure to consider all the factors before borrowing your horse, especially the horse`s ability, as well-being is of the utmost importance. Does your horse, for example, have a disease that requires specialized care, or is your horse older and going to a mate? Your horse will be out of your daily control, and there have been occasions when horses have been loaned to people considered trustworthy, but the horse unfortunately ends up in a neglected state. We always recommend asking for references for potential credit homes, looking at the loan at home, and then visiting your horse regularly to check their health and well-being.