Long term homeing agreement

[Gingerwitch]

Can someone please explain what a long term homeing agreement is worth once a horse has been sold. How it would be enforced and what would happen if it was not.
I would just put it on long term loan to secure its future, but that's just cynical me.

 

[stormox]

Once a horse has been officially sold no agreement from old owner is enforceable.

To me a 'long term homing arrangement' is a loan and needs a contract.

 

[Gingerwitch]

Once a horse has been officially sold no agreement from old owner is enforceable.

To me a 'long term homing arrangement' is a loan and needs a contract.

Thanks.... I was just being nosey as seen a horse advertised with a price but owner wants a long term homeing agreement.

 

[shamrock2021]

Legally the old owner doesn’t have any rights to the horse. Long term homing agreement means nothing it wouldn’t stand up in court.

 

[Widgeon]

I would just phone them up - it sounds like they're probably just trying to secure the horse's future should the new home go to pot. Which may not stand up at all in law but at least it indicates that they care about the horse and where it goes.

 

[ihatework]

Sounds like a sticky mess to me!

Years ago someone I knew ‘bought’ a Tb off someone who I also vaguely knew. They had got the horse from the training yard and had signed a bit of paper they understood to be a transfer of ownership but with a non-racing clause. Pretty standard. Schooled the horse up a bit and sold it to my friend.

Horse went wrong, friend asked trainer for its history to see if it pin pointed a reason and that kicked off a massive argument about her having it at all - trainer was under impression the horse couldn’t be sold on.

Anyway transpires paperwork wasn’t worth the paper it was written on. I suspect that would be the case with a ‘long term homing arrangement’. Ultimately the horse is either sold or it’s loaned - owner can’t have it both ways

 

[PurBee]

As ihatework says, the seller wants a sale aswell as a signed contract from new owner that it’s a ’long term home’ offered.
It’s ridiculous in reality, as we can have all the intentions in the world of keeping a horse for life, but many circumstances can inhibit that intention, so who’d truly be able to contract themselves to a ‘forever home‘ agreement? We cant know the future of ourselves or the horse, and a court judge wouldnt expect a person to either, if presented as a ‘case’.

Seller has to rethink - loan out longterm, or sell. If they’re really bothered about the horses future being secured, longterm loan contracted is best option.