Sample Loan Agreement

Having a Horse or Pony on Loan

This can be a usefull way of assessing a potential horse over a longer period of time before finally committing to buy, or can be a cheaper alternative to actually owning a horse outright. However, loaning a horse or pony can become a headache for both lender and borrower if something goes wrong, the horse injures itself on loan, or the two parties fall out and want to terminate their agreement.

To prevent unneccessary arguments it is a very good idea to get a loan agreement drawn up and signed by both parties, stating the period of the loan, the circumstances under which the loan can be terminated early, and who is financially responsible for the vets fees, insurance premiums, vaccinations and routine worming, farriery and dentistry etc.

The BHS have a sample loan agreement which can be found on their website www.bhs.org.uk
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