Loaning or sharing a horse can be the perfect solution for you to have a horse and save on time, costs and commitment.
There are a few important things to consider before going into a loan agreement:
- Draw up a contract. A contract can protect both the loaner and the loanee and also lets everyone know where they stand. In the contract, you should include; amount of days you ride/compete, who pays what costs, who has what equipment and yard duties.
- Be Honest. Be open about you and your horses' riding abilities and capabilities. This is important to keep everyone safe and avoid nasty surprises.
- Vet Check. Have the horse checked over by a vet before going into the loan agreement.
- Trial Period. Have a one month trial period, so you can see how it works for everyone, including the horse. This also gives you an opportunity to revise any details on the contract.
- Can you commit? Make sure you are able to commit to the times that you say you can ride and carry out the yard dutuies - as other people are relying on you now.