Loaning/sharing advice - The Horse Forum
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post #1 of 6 Old 09-14-2015, 10:58 AM Thread Starter
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Loaning/sharing advice

In a part loan agreement would I usually be expected to pay anything in addition to the 30 p/w? I.e shoe costs etc?
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post #2 of 6 Old 09-14-2015, 11:45 AM
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It should be in the contract you sign PRIOR to leasing/loaning/sharing a horse
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post #3 of 6 Old 09-14-2015, 12:28 PM
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Quote:
Originally Posted by Skyseternalangel View Post
It should be in the contract you sign PRIOR to leasing/loaning/sharing a horse
Agreed.

Everything should be in writing before the agreement is put into place. Who pays for the vet, dentist, farrier, boarding, etc. Who gets riding time, when, and how much, etc. Pretty much try to think of every situation that you can, and then have it in writing on how it will be handled.

There is no "standard" or typical situation. It just depends what the two parties have agreed on.
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post #4 of 6 Old 09-14-2015, 01:11 PM
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What exactly is covered in the price you're paying? If it only covers your percentage of the horse's board then you may be expected to pay something on top of that for farrier work, though generally speaking in a part lease the owner would have you pay one price that covers your portion of everything. For example, if board is $400/month and farrier is $100/month you'd write the owner a check for $250 to cover your half of costs rather than paying them individually for each item. In some part leases you're expected to cover a percentage of everything, while some owners are happy with you just covering a percentage of board. Either way, discuss with the horse's owner exactly what you're expected to pay and when you have access to the horse. What days you can/can't ride, whether or not you can ride off property, etc, when payments are due and how much, etc. Put all of it down in writing so there's no ambiguity- it protects you from the owner suddenly trying to dump the farrier bill on you, and it protects the owner from you saying you don't have to pay your portion of the bill.
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post #5 of 6 Old 09-14-2015, 01:36 PM
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Every lease/ loan is different regarding what the owner chooses to charge you. It will always include a portion of the board and then is it fairly standard to include shoes. Other things that are also often included are regular vet bills (worming & vaccines), and regular care services (for example at my barn weekend services cost extra so I include this in the lease I do) or supplements that your horse receives. Things that you should never be asked to pay for would be unforeseen vet bills due to injury or illness, training fees (unless you have requested the training in which case you would be responsible), and/or tack (it is fine for you to purchase your own tack but you should never have to assist the owner in paying for tack that will ultimately stay with the horse/ owner at the completion of your lease).
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post #6 of 6 Old 09-14-2015, 02:23 PM Thread Starter
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Brilliant advice thank you
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