Legal and financial implications of keeping sold horse for a bit

tobiano1984

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I've just sold one of my horses to a lovely new home - he flew through the vetting today - yay! However I just wanted to see if anyone can advise on the following, as the buyer is going away next week for a few days and doesn't want to take a young horse and then leave them with someone else, so would rather collect him when they get back, which is 2 weeks from today.
I'm more than happy to keep him a bit longer, but wasn't sure regarding the legal/financial implications. The new owner is going to pay in full in the next couple of days, and the vet advised them to insure straight away especially before he travels. Initially when I said I was happy to keep him for a bit, it was sunny and he was living out, but now he's come in so is obviously eating feed, hay and using straw and labour. I run a small livery yard so already have quite a few horses to look after.
The new owner has also asked that he continues to hack and school until they take delivery. I'm assuming that once they've paid then he is legally theirs, and theirs to insure.
I will definitely be charging for exercising/schooling him, but should I also be charging to keep him? I'm not bothered about charging full livery for him, as he is easy and I'm very fond of him, but feel that if I've sold him I shouldn't really have to pay for his upkeep once he's not mine anymore. If it was a couple of days I wouldn't mind but in this weather 2 weeks of full care and exercise is quite a lot of work...!

Thoughts? I don't want to be unreasonable and by no means am looking to make more money, but also we agreed on a price with me thinking he'd be gone pretty quickly!
 
If you run a livery yard then perhaps say to the buyer you'll do 25% off your usual rates to keep him on livery for her. Get her to sigh your usual livery yard contract with a tweak for notice period and then treat him like any other livery.
It's her choice whether to insure or not but be clear he is paid for and so hers in all regards
 
Yes the must pay in full and insure. Personally I wouldn't charge for livery or exercising - but others might. I suppose it depends on whether you are a business or a private seller.
 
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