The prospect of lending a horse is exciting, but there are a number of important considerations, such as time commitment and finances, that need to be carefully rethought before choosing a loan. The decision to borrow a horse should not be taken lightly or hastyly, as it can be extremely annoying to have a horse that is unsuitable or dangerous. It can also leave the new borrower in a difficult situation. 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. The most common point of disagreement that a lender must take into account is a disagreement on what has been agreed as to who pays for what. For example, if there is a large veterinary bill and there is no insurance to cover that bill, there may be a dispute over who pays it. The borrower may be responsible for the vet`s bill, since they own the horse, but if it is the borrower who is the client of the veterinary practice concerned and the borrower has ordered the vet to visit the horse (which is most often the case since they have daily control of the horse`s maintenance), the veterinarian may be required to follow the borrower to pay the bill. The loan allows you to have the benefits of owning a horse if you are not able to own a horse financially or due to time obligations. Depending on the type you choose, you can offer them individually different benefits such as experience.B. Gain experience, allow a new ride or make available the horse „Tretstein“ between the pony and the horse. You always have someone who knows the horse best when you are not sure or if you need advice.
6. How long will the loan be and what will happen when the term of the loan ends? 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. 3. A simple statement that the owner is the rightful owner of the horse and has the right to authorize the horse`s loan. There are always other issues that should be included in the agreement, which are specific to the loan concerned, and that is why the single standard form, the loan agreement, is not an ideal option when a loan contract is established. It works both ways, as an owner, there is the potential for the horse to come back to you too.