The law requires that a passport remain with the horse. Therefore, the passport must be kept by the person who has the primary maintenance of the horse if it is not the owner. If a horse is loaned and transferred to a new farm, the lender must have the original passport. Many homeowners feel uncomfortable, but there are a number of steps you can take to protect yourself, including: 2. The contact information of the owner and borrower, as well as confirmation that if they change, the parties will inform each other. 7. Advance notice (for example. B four weeks) for the return of the horse if the circumstances of one of the parties change. I confirm that I am bound by the terms set forth in this Agreement. First, it can be used for planning. The structure of the agreement forces both parties to think about what is important to them (for example.B. how much maintenance the horse or pony will receive). Tripping through several thousand pounds isn`t the only way to join the wonderful world of horse ownership.
The loan is made without the pre-emption fees, but all the benefits are the same. Second, it serves as a record of what has been agreed, so it can help avoid any misunderstandings once the credit is in effect and before the problems slip. The use of a formal written document may seem unnecessary between friends, but it is in the interest of both parties, long-term friendship and the horse. 4. Details of where the horse is to be kept. The contract should be informed in advance that the owner is informed before the horse moves and that he has the power to check the new farm. 10. Indicate what should happen if the horse is to be put on. Who will make this decision? How quickly should the borrower inform the owner and, if he is unable to reach the owner, can the borrower authorize it? Horse owners may end up with a horse they grew up on, but don`t want to sell.
In these situations, lending can be the ideal solution, as it allows the owner to keep ultimate control of the horse`s future, while someone else takes care of the daily work and care costs. 9. Who pays for what – and if the horse must be insured (this should be stated in the contract), who pays the deductible? The owner agreed to borrow the following horse from the Guardian: They are largely free to make the desired deal with the other party. There are very few things that, for any legal reason, cannot be included in your contract. So if you want to specify details like power supply, you can do that, or you can keep the terms wide. We recommend that you add as much additional detail about the points that are important to you. Remember that you need to be realistic about whether the other party will be able to honor the contract and stay by their side. 1. Name, size, color, gender, microchip number and age of the horse or pony, so the purpose of the loan is clear. Be sure to consider all factors before lending your horse, especially the horse`s suitability, as well-being is of the utmost importance. Does your horse, for example, have an illness that requires special care, or is your horse older and going to a companion? Your horse will be out of your daily control and there have been opportunities to lend horses to people considered trustworthy, but the horse unfortunately ends up in a neglected state. We would always recommend asking for references for potential credit institutions, visiting the credit house, and then regularly visiting your horse to check on their health and well-being.