Shared Horse Ownership Agreement Template

Shared Horse Ownership Agreement Template

We did not use legal jargon, so the document does not seem too formal for a friendly agreement. However, it will protect your investment in the horse and help prevent disagreements. If you wish to take a horse on a rental basis, you must not accept a horse that does not have a valid and current passport. Make sure that the name of the owner, whose horse you lend, is the current registered owner. The cover on the part of the horse called :: The purchase of a horse or pony can be expensive so many people are looking to borrow a horse instead, as it removes the initial cost, but comes 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. This standard contract for horse representation serves only to guide and legal advice is needed to ensure that each contract is legally binding. 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.

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. The exchange of horses is a fantastic way to reduce operating costs. However, many informal agreements are due to differences of opinion on costs or responsibilities for care, access and use. 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.