Asked to loan my horse, need help with contract
My cousin called yesterday and asked to borrow my horse for a period of 3 months, while his is recovering from a leg injury and is unable to be ridden. I trust his riding abilities completely, and feel certain my horse would be in competent hands. He is the primary operator of the family farm consisting of approximately 3000 acres and 300 head of cattle. He would like to use Thumper my 3 yr old gelding to check cows daily. Thumper is in great condition, very healthy, and what I would consider green broke. He is the single most mellow man Ive ever had the pleasure of owning. I only consider him greenbroke because while he is very willing and gentle, he doesnt know much. He needs work with his reining. Anyhow, Im wondering what sort of obligations each of us should include in a contract. WHo should be responsible for feed, vet care, shoeing, etc? I wouldnt be paying board obviously, he would be moved from his current barn to the family farm. I benefit from this arrangement in that Thumper gets daily ride time, and will be finished out in these 90 days. Cousin benefits in the arrangement by having a horse to ride daily and not having to purchase a new one to check his cows. I want to avoid any hassle with family, so an ironclad loan aggrement is needed. I want my horse back, so there will be no option to purchase him, Im just uncertain of what each of our obligations should be. Thanks for any help in advance, I appreciate it. Ive never been in this situation before, so Im uncertain how to proceed and dont want to cause a nightmare between family.