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Loan Agreements

Rebecca wrote to us with the following query:

I was wondering how I could find out information on Loan Agreements, as I am in the process of loaning a horse and would like to find out about how to put together an agreement. I would also like to know what I should include in this agreement.

Judy Knight from The Loan Arranger gives her reply.

Dear Rebecca,

(The Loan Arranger can provide a draft contract for £20.00. It covers the basics plus a few things that people tend to forget, and can be amended to suit almost every purpose.

Some important points to remember when writing your own agreement are who pays for vaccinations, insurance, saddlery & rug repairs/replacements, worming and shoeing? Who pays for vet fees not covered by insurance?

How long will the loan last and what happens if either the owner or borrower want to end the loan early? And if that happens who pays for transport? There are many others!

I believe that the British Horse Society has a contract that can be downloaded form their website. I have not seen it but I understand that it is free!

Hope this helps

Judy

The Loan Arranger
2 Marlborough Gardens,
East Oakley, Basingstoke, Hants,
RG23 7AH, tel 01256-781864.

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