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Broodmare Loan Agreements

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 examples above are not an exhaustive list; they are an example of the important notions that are regularly forgotten. Horses are living animals with individual circumstances and, as such, a lease for a horse requires specific conditions to protect all parties. Whether or not you have a written lease, you probably won`t touch it until something goes wrong. Unless otherwise guaranteed that the terms of the tenancy agreement are decided and agreed (in writing or not) before the tenant takes control of the horse. In the equine industry, tenants already have the horse in their driving camp before the terms of the lease are agreed. This can lead to a large number of difficulties. Nevertheless, a lease or loan document should not be overly complex, and I encourage people who are thinking about leasing to lower the terms in writing. A little time and money to have your lease documented early could save you a lot of money and grief in the end.

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. 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. If you lend or rent your horse, you will probably be worried about its welfare. The BHS establishes a free horse loan agreement. We do not think it covers all practical issues. The designer of the Net Lawman version has owned and ridden horses for 40 years.

It has taken into account many other options based on practical experience of oneself and others. The result is a document that better protects your interests. Our version is simple to complete and very complete. For a loan to work well, both parties must agree on their responsibilities and ensure that all contingencies are planned, especially what will happen when the loan expires unexpectedly. We strongly discourage a written agreement. Make sure the agreement is acceptable to both parties; Don`t agree with something if you don`t intend to put it into practice or if you don`t agree. A loan contract is an important way to reduce risk and protect the owner, the loan player and, of course, the horse. The owner`s most obvious concern is the maintenance of the horse or pony. This is probably the case, whether the animal is a Class A jumper or a breeding mare.

Dr. Avery Jenkins

Dr. Avery Jenkins is a chiropractic primary care physician in Litchfield, CT. He is board certified in clinical nutrition and acupuncture, and is a frequent speaker and lecturer. He provides drug testing services for employers, courts, and attorneys state-wide.

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