British Horse Society Loan Agreement Form

All horses in the UK require a horse passport and a microchip. A horse passport is a small book, usually the size of an A5 paper, which identifies each horse according to its size and breed. All passports issued since July 1, 2009 must have a microchip number. Loan contracts can be as simple or as complicated as the owner and lender want. The loan agreement is essentially a factual statement confirming the ownership and expected amount of the loan, as well as a set of guidelines that both parties can refer to to ensure that they get the most out of their agreement. Start with the name, address and phone number of the owner and borrower, as well as the details of the horse and the duration of the loan/lease. 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 contents of the loan agreement are personal to you and should reflect your wishes and plans for the future. As a basic minimum, however, you should take into account the following: When buying a horse, it is always recommended to have a pre-emption check done by 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.

Among the basics is the borrower who agrees to take proper care of the animal and take responsibility for the horse when it is in their care. 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. Once you have laid the groundwork for riding during your classes in an equestrian centre, you can start thinking about having your own horse. However, if you are considering buying or lending a horse, there are a number of questions you need to ask yourself to ensure that you choose the best equine partner and that you are able to take care of it sufficiently. The type of horse you buy or borrow depends on your skills and the activities you want to participate in. Your coach should be able to help you in your research and advise you on what is right for you and what you need to pay attention to. Horse owners may end up with a horse they grew up with but don`t want to sell. In these situations, credit 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 costs associated with the maintenance of the horse.