Loaning a horse without tears

Many people loan out horses on such an informal basis that, should something go wrong, it can be difficult to put right. This is where loan agreements come in.

Statement of ownership – the animal is to remain the property of the owner
Duration of loan
Review date
Notice required if cancelling agreement
Insurance policy details – both parties should have adequate Third Party (legal liability) cover. The owner should take out a policy to cover the horse or pony plus tack, but the lessee may reimburse the premium. If a loan horse may be ridden, there should also be adequate Personal Accident cover
Tack – items included in the loan; what they may be used for, who is responsible for repair
Use of horse – limited or unlimited use(this should be in line with the insurance cover). May include or specifically exclude certain activities. If the animal is leased to a commercial establishment, will it be used for hire/reward?
Rider – who will be the rider?
Veterinary surgeon – the owner may wish to specify the name of a vet, although the loaner is responsible for “running costs”. The owner must be informed in advance of major surgery or total anaesthetic
Farrier – is the horse to be shod? Are special shoes required or a particular farrier to be used?
Owner’s specifications for feed, stabling, fencing and grazing – must the horse be stabled in winter?
Special conditions – any vices, allergies should be clearly stated, along with names of feed supplements or medication that must be administered
Rights of the owner to visit – frequency of visits; owner should be advised of any change in management or where the horseis to be kept

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