26 Sep Loan With View To Buy Horse Agreement
Full loans: This includes the total loan of the horse, usually the horse that needs to be brought to the farm you have chosen (normally chosen in consultation with the owner) or stays in the owner`s current yard. The horse will give itself 24/7, 7 days a week under the full care of the rental car, just like owning your own horse, so you have to be hired, it is a great responsibility. This can be an alternative to owning your own horse if you don`t have the money to buy a horse in advance, or the loan may be a better short-term option before moving to college or traveling for a year, for example. 7. Advance notice (for example. B four weeks) for the return of the horse if the circumstances of one of the parties change. 5. Will the person lending the horse pay the owner for the loan? If so, how much, when and how will it be paid? After the purchase, you will receive a short email survey whose answers will help you customize the nature of your agreement. Borrowing a horse can sometimes be more important to many horse owners than selling or buying. As a lender, you take the risk of putting a potentially valuable horse into the care and training of another person.
And there have been a few cases recently where people pretended to borrow a horse under a false name and then sell the horse without a trace. It is therefore of the utmost importance that you know to whom you are lending your horse. 8. What to do with the horse? Indicate all disciplines for which the horse should not be used. In some cases, this may be reasonable, but there will always be cases where an owner is too picky when a horse is cared for/trained in a certain way. The credit agreement can avoid this dispute by describing in detail how the owner wants to hold the horse and train it. The uncertainty of borrowing a horse and having it removed from you is one of the reasons why it is essential that a credit agreement be drawn up before the loan begins. On the other hand, there have been many occasions when the borrower has been abandoned with the horse, the owner does not want to return it or the horse does not agree to return. This is a difficult situation for the borrower, as you cannot sell the horse without authority and therefore be left in a dead end by holding another`s horse at your own expense. .