Horse owners may end up with a horse they grew up on, but don`t want to sell. In these situations, lending can be the ideal solution, as it allows the owner to keep ultimate control of the horse`s future, while someone else takes care of the daily work and care costs. The BHS creates a free horse credit agreement. We do not think it covers all practical issues. The designer of the Net Lawman version has owned and horses for 40 years. It has taken into account many other options based on the practical experience of oneself and others. The result is a document that better protects your interests. Our version is easy to complete and very extensive. The most common dispute a lender should pay attention to is a disagreement over what has been agreed as to who pays what. For example, if a large veterinary bill is charged and there is no insurance to cover that bill, there may be a dispute over who pays it. It may be that the borrower is responsible for the veterinarian`s bill, given that he owns the horse, but if it is the borrower who is the client of the veterinary practice concerned and if the borrower has ordered the veterinarian to visit the horse (which is most often the case since he has daily control of the horse`s care), the veterinarian must possibly follow the borrower for the payment of the horse. That`s the bill. There are always other topics that should be included in the agreement, which are specific to the loan in question, and therefore, the standard credit agreement „uniform for all“ is not an ideal option if you take out a credit agreement.

The granting of credit can be beneficial for both the borrower and the owner. Buying a horse or pony can be expensive, so many people borrow a horse instead, as it eliminates upfront costs, but involves many of the same responsibilities as owning a horse…