FULL LOAN HORSE?

Right so how does this work? What is partial loan, full loan and share? Im rsther than confused:S

{ 4 comments }

stallion.rider February 10, 2014 at 5:50 am

part loan / lease = timeshare. You as the leaser will be given days that the horse will be free to be ridden by you.

full loan / lease = the owner rarely to never rides the horse and you have access to it at all times and may ride whenever you want although you still do not own the horse.

Share = you OWN half the horse and all decisions made will be between you and the other half owner. You are of equal power and must each pay half board vet bills etc. Neither owner should be paying the other owner anything – this is done for financial reasons.

putts_e February 10, 2014 at 6:11 am

Loan in the UK is similar in meaning to lease in the states. Share is a partial ownership. A full loan agreement, like a full lease agreement, is where you take over full boarding expenses and take full care of the horse and have full access to the horse for the specified term of the loan/lease (90 days, 6 months, 1 year, whatever!). A part loan agreement, like a shared lease agreement, is where two or more people equally share the full boarding expenses and share care of the horse and share access to the horse for the specified term of the loan/lease (90 days, 6 months, 1 year, whatever!). Loan in the UK is sometimes also similar in meaning to rent in the states where one can rent a horse for an hour or several hours or a full day.

streetwise_religion February 10, 2014 at 6:16 am

full lease – a full lease is everything but ownership, sometimes the owner lets you board him where you want, but you have to pay for any expenses, you can ride him whenever, and show him wherever and whenever. a lease is usually when an owner needs to get rid of the horse but does not want to sell him.
Partial- you get days on which you can ride the horse, you usually share the horse at shows with the other lesee or the owner. This situation is often seen in schooling programs in barns where a number of students lease a certain school horse.
it all depends on what the contract includes

Evan Webb February 10, 2014 at 7:11 am

Well I have “Zackielin” on full loan and I have to pay for everything shoes, jabs insurance, teeth, rugs livery; everything that has anything to do with her all ange has is 3rd party on her for her piece of mind even though I’ve have her insured for every eventuality all that we have to do is tell her about anything that goes on if she hurts herself etc.. full loan is better as the horse becomes yours and you don’t get anyone breathing down your neck!

Comments on this entry are closed.

Previous post:

Next post: