Contracts when selling/buying a horse.

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luckilotti

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hillhousestables.co.uk
May sound silly, but let me explain....
via the horse exchance website, you can buy predrawn up contracts, and their is one for when you buy/sell a horse.......
Has anyone used one? Got one?

I am 98% sure i am buying a new mare at weekend (takes me up to 11 - yikes!) and i will be buying her off one of my liveries....
Now, i intend to do this as 2 seperate transactions.
1) i buy mare - hand her the money
2) she gives me quite a bit of the money back - to cover her livery that shes fallen behind with.

Now obviously i want to protect myself here 'just incase' as you never know what the future holds and i have never bought off one of my liveries before!

I should add - i have not offered to buy the mare to recoup her livery debts - the lady text me at weekend and offered her to me as she knows i can make use of her, like the mare, will offer an excellent home, mare wont have to be unsettled by being moved etc.

Has anyone used a sale contract or had a similar situation or can offer any guidence?

Thanks.
 
can't you just use a normal receipt with horse's vital stats, any specific markings, passport number etc?

then give woman an invoice and receipt for the livery you are owed as a seperate transaction.
 
as said above I would use a reciept for the buying of the horse using the figure you will be paying for the mare for but then only hand over the amount less what she owes in livery. At the same time do an invoice and receipt for the livery and payment of livery as well. That way you keep it as seperate transactions, you have clear evidence the mare belongs to you and but you don't have to worry about not getting the livery money back.
 
I just write a normal receipt but would be interested to know what is in the contracts cause to be honest when I sell I write a receipt and wouldn't want to sign any kind off contract which could come back on you. A sells a sell.
If you could put a link to it that would be great , to see what's in it
 
i have to say i do trust the lady concerned. I had seen the contracts and thought...''i wonder if they are any use/if anyone actually uses them?'' I think the site says that nerly 200 have been downloaded.

i always have asked for reciepts when buying horses, and i have to say, there has been a few sellers who looked gobsmacked that i asked and reluctantly wrote one.

As the mares been turned out, there is just her rent to take into account.
When she sent me the text with the amount on, she did also say will consider offers so i am going to knock a bit off and see what she says - i'll feel really bad doing it though!
 
I bought a fellow livery horse, the bloke owed on his bill. I had no end of trouble with the YO.

i strongley suggest that you talk to the yo and any exchanges of money are done with all 3 of you there. the current owner can then let you hand over current debts.

other wise the way i see it and have experianced it..

you giver her money, she says she will give you money back but doesnt. money is still owned on the horse.

trust me ... 1, trust no one, 2, its not worth the hassle.
 
Just negotiate a price which takes into account what she owes you, and she gives you a reciept for that. eg if the value of the horseis £5000 and she owes you £1000, then you just pay her £4000 and get a reciept for that amount. That would simplify things
 
flojo1 said:
as said above I would use a reciept for the buying of the horse using the figure you will be paying for the mare for but then only hand over the amount less what she owes in livery. At the same time do an invoice and receipt for the livery and payment of livery as well. That way you keep it as seperate transactions, you have clear evidence the mare belongs to you and but you don't have to worry about not getting the livery money back.
Click to expand...

If you, as I understand it, are the livery owner, then this arrangement seems the most sensible to me. I cannot see the point of a 'contract'. What on earth would it contain, other than the details of the horse and the amount paid? I certainly can't see the point of paying for a downloaded document. As has been said on here many times, any 'conditions' such as offering the current owner first refusal, should you wish to well at a later date, are unenforceable anyway.
 
jhoward said:
I bought a fellow livery horse, the bloke owed on his bill. I had no end of trouble with the YO.

i strongley suggest that you talk to the yo and any exchanges of money are done with all 3 of you there. the current owner can then let you hand over current debts.

other wise the way i see it and have experianced it..

you giver her money, she says she will give you money back but doesnt. money is still owned on the horse.

trust me ... 1, trust no one, 2, its not worth the hassle.
Click to expand...

I wont have any trouble from the YO - as i am the YO :)
someone has offered to send me a sale contract so i will see what thats like. I've sorted out one of the things with the sale that may have been concerning me so thats good.
if i just go for the sales reciept, followed by livery bill reciept seperatle (most likely) i think this should cover me adequatley. I dont want to knock the horses value off the livery bill as then the horse reciept wont be for as much which may at some point in the future mean i have to go for a lower insurance value.
 
lol ok ignore me..

jsut get written into the sales contract that u are deductin x amount against purchase price due to money owed. that way it shouldnt effect your insurance ..
 
Don't understand the need or point of a contract. She gives you a receipt for the full amont you pay for the horse.

She then pays you - as a seperate transaction - what she owes you and you give a receipt for that amount. Both receipts should state exctly what they cover.
 
there are a few minor issues hence when i saw they do sales contracts, i thought that i would ask if anyone has used one - what they may contain etc.

There is a few 'conditions' on the sale so to speak hence my wondering :)

still not sure what to offer her! she has said how she really wants to sell her to me rather than someone else, as she knows how i look after my lot etc. plus the mare wont be unsettled. so really, i could play that to my advantage... but at the same time, i am going to be asking her to include some of the horses stuff.... but her stuff hasnt been mentioned so maybe she was going to include a couple of bits.
I'm having an 'indepth' talk to her this weekend about it all :)
 
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