Horse loan agreement - what should you think about?

Hello!

How lovely, a horse on loan 👏🏼😃🐴

🐴 When it comes to who covers what, there is no general rule. It depends entirely on the agreement between you and the owner, and on why you are taking the horse on loan. Is it so that you can school the horse and perhaps help sell it? In that case the owner may cover most of the costs, and might even pay you to look after the horse.

Or are you taking it on as your own for a while, to take the pressure off the owner, or perhaps to try it ahead of a possible purchase?

That said, it is fairly common for a full-loan horse to have the loaner cover everything apart from the insurance. But, as I say, that does not mean it applies to you, so check with the owner so you both agree on your expectations.

There are many different versions of a horse loan agreement. The most important thing, I think, is that you and the owner get on well and have talked through as many "what if this happens" situations as possible. That way you already have a plan should anything go wrong.

Good luck! 🦄