A ''nominal fee'' how much?

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Willow1306

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To cut a long story short, my loanee has just asked me whether i would consider selling my horse to her for a nominal fee. The reason being that she has recently been diagnosed with PSD after nearly 2 years with her, most of which has been spent doing not a lot as many misdiagnoses (sp?) have been made. My loanee loves my mare but feels that when the loan comes up for consideration next year that i will take her back and she wouldn't have had any fun on her, just paid out for treatments. I totally understand where my loanee is coming from. As the PSD is still being treated and we do not know what the outcome will be, selling her now would mean that i know she would be in a good home where they will look after her and that i won't be responsible for her and potentially end up with a field ornament. Downside being that i put her on loan because i did want her back after uni.

Her stats : 16.1hh Black WB x TB , By Dutch Falco. 10 this year. Lovely temperament, talented jumper with BSJA winnings. Done a bit of everything. HOWEVER, she has PSD which is obviously going to alter her value AND i know my loanee won't be wanting to pay very much due to all the expenses already incurred as being 'guardian' and the fact that she is taking a gamble on the PSD being defeated.

Any ideas on what a suitable nominal fee would be and whether this would be the best option?

Oh, and just thought - what about tack and accessories ie. rubber matting?

Cheers xx
 
For me it would depend on a few things like are your tack, rugs etc good quality? Has the vet given you any indications as to her prognosis? Would you be willing to take the risk that she didn't fully recover as it sounds as though your loanee is? Could you postpone making a decision for a bit whilst you see how she goes or is your loanee keen for a decision? If you said no to your loanee would she walk away and if so what would you do with the mare whilst you were away at uni?
 
Well, having discussed thing with my dad we have decided that doing the right thing by my horse is the most important thing. As such, we've decided to base the 'nominal fee' on the tack and accessories opposed to my mares value. In the event that the PSD continues to be a problem i may not be in the situation whereby i could chose as good a home for her. I have insisted on a first refusal to buy her back - that is not negotiable.
The prognosis was good that she would recover from PSD but would probably not be able to perform at a level i'd like to, so bearing this and a couple of other factors in mind i believe handing the ownership over would be the right thing to do.
Awaiting an offer atm...
 
How would you feel if, say 2 yrs down the line she sold your mare on???

or worse, she ended up at a sale???

why cant the loan arrangment just carry on indefinitely....just in case...........
 
Absolutely agree with JM07. When sold, there is nothing holding a new owner to HAVING to give you first refusal on any further sale.
 
I will only sell her on the basis that i get (in writing) a first refusal to buy her back, this is totally non-negotiable. I believe that my loanee will see this as acceptable and respect it. I've also said i'd like to keep in regular contact and be able to visit so i know how she is and what she's up to.
 
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I will only sell her on the basis that i get (in writing) a first refusal to buy her back, this is totally non-negotiable. I believe that my loanee will see this as acceptable and respect it. I've also said i'd like to keep in regular contact and be able to visit so i know how she is and what she's up to.

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i'm sorry, but that clause isnt worth the paper its written on..

a good friend of mine went through this many years back...horse was re-sold within a year...nothing she could do about it.....sadly.
 
I understand what you're saying and will take it into account. It is the same with any sale, and i appreciate that you can not always count on somebodies word (in fact rarely in todays society) but i do honestly feel that in this case, the scenario of her ending up being sold on is incredibly slight. Maybe i am being naive?
 
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I understand what you're saying and will take it into account. It is the same with any sale, and i appreciate that you can not always count on somebodies word (in fact rarely in todays society) but i do honestly feel that in this case, the scenario of her ending up being sold on is incredibly slight. Maybe i am being naive?

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lets hope so...because my friend still hasn't forgiven herself...
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It sounds like your loanee is just after the security of knowing that you won't suddenly take the horse back after she has invested so much time and money in her treatment. Do you think it would help if you put something in writing along the lines of the loan arrangement being permanent unless the mare was being neglected or something or the loanee's circumstances meant that she couldn't keep her?
 
A few questions - who is actually paying for the treatment and what treatment has she had how much has it cost?

Do you think she had PSD before the girl had her on loan?

Are you aware that a lot of horses do come back from PSD and do continue to compete at a high level if they have the right treatment?

I think you mare is now worth meat money so the deal you are doing is the right one, but you might get upset when you finish Uni and she is back out BSJAing.

I too have a PSD recoveree so know the dilema you are facing.
 
Well, it's quite a complex story and one that i'll not go into too much detail over but unknowingly it seems she has had PSD since before i got her and several vets have failed to pick up on it. My loanee has accepted, as have i, that had Grace developed PSD only since the loanee having her it would be a different story. My loanee has paid all vets fees and treatment fees since having Grace, as agreed in the loan contract, and these have varied from chiro's to specialists to vets.
I have done some research into PSD and it pleases me that horses can make full recoveries from PSD and i hope that my mare does. The vet has said that she may recover enough to do RC level competition but ground would always have to be chosen wisely with her. At the end of the day i probably would be envious to see her out and about competing succesfully in a few years post-sale but at the same time that would be great. Not just for my mare but for my loanee.
 
Sorry can't help with your dilemma but I'm sure you will make the right decision for you, your horse and your loanee.

Now tell me - what's PSD?
 
PSD= Proximal Suspensory Desmitis . It seems a fairly common problem unfortunately, there are quite a few posts in the veterinary section which have a lot of cases in.
 
I think you are very lucky to have a loanee to pay the vet bills for a pre existing condition - I know that I wouldn't have. Is it in the front or back legs? What treatment route did you go down?
 
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My loanee has paid all vets fees and treatment fees since having Grace, as agreed in the loan contract, and these have varied from chiro's to specialists to vets.

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J*s*s , what planet was she born on????
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Personally after that I would 'gift' her the horse. It's the least she deserves.
 
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My loanee has paid all vets fees and treatment fees since having Grace, as agreed in the loan contract, and these have varied from chiro's to specialists to vets.

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blimey, there's one born every day!!!!
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i agree with JM07, i sold a very good friend of mine a 14.2 bombproof pony . the verbal agreement was i sold her to said friend cheaper and then i would buy her back. i saw the pony every week and she was not riding her so my daughter was exercising her. 3 months later i got a call "we have not gelled" well you have to ride her and she had a groom so never did anything with her. i said no problem i will come and pick her up give back your money. OH NO she is know worth £5k i sold her for £3k. she then put her on selling livery and sold her. that was 3years ago we have not spoke since. her OH phoned mine and said sorry it was out of his hands. what a T*$$er
 
We had already discussed that we would not ask any money for my mare. We are however going to price up the value of the items i sent with her as there were a couple of expensive pieces.
 
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