Shared Ownership - Advice needed

[Tada!]

Hi, I am in a situation that involves shared ownership and I am looking for advice/views please. I will try to give the short version of the situation.

This girl and me loaned 2 horses of the owner and all 3 of us decided to buy a horse together as we thought it would be nice for us all to hack out together (we are all adults and I thought what could go wrong?!). We decided on a 14.2 so the grandchildren of the owner can ride it too but that meant the other girl couldn't ride it due to height/weight but she was still happy to go ahead with it (for the love of the horse). Life Circumstances changed for the owner (her partner left) and things have gone sour from there on. It is a Jekyll & Hyde situation and I was getting frustrated that me and the other girl were left to do all the yard duties (still paying for the loan horse at this point) with no time to ride or concentrate on training our new horse (he is only turning 6yrs). I decided to offer to buy the owner out but would also then give up loaning her other horse but keep new one on the yard paying livery. She agreed instantly! I offered the other girl to buy in so we are 50/50 and she agreed. Baring in mind she is not able to ride him. Thought this would relieve the financial strain on the ex owner and us (me & girl) can concentrate on him. The girl is still carrying on with loaning the other horse. Problem now is that our horse is living on the private yard as well as the other girl (thats a different story) and she feels obliged to keep him there for the sake of keeping the peace and a roof over her head. I am stuck now as the atmosphere is not great, the situation is unpredictable and I would like to move him before things could get worse but also want to keep the peace for the other girl. We have become friends and I like to see people right. However the facilities are not the best at the yard, not to mention the mood and there is talk of renting out space for other liveries. I am a novice when it comes to horse ownership but I am a quick learner but the thought of going solo scares me a bit too.... What do i do? Stay put and hope that things will improve when other liveries come? Go solo?

All views appreciated. Thank you.

 

[be positive]

I think I have just about grasped what is going on, a few paragraphs and giving people an initial rather than calling them owner or girl would have made it clearer and easier to read.
If I have got the right end of the stick I would probably buy the girls share, so you own the whole pony move on to a yard where you will get support and have better facilities, if the atmosphere is tense it may be a financial issue so there is a possibility the yard will be sold in the near future. Moving will give you a fresh start as long as you are in a position to be able to afford to so so alone, that is assuming the girl will let you buy her share, not that she is getting anything out of it if she cannot ride the pony so she may welcome the offer.
If you find the right yard going solo should not be too daunting.

 

[Natch]

Sounds like a right old kerfuffle. Shared ownership has SO much potential to go wrong. Buy the other half of the horse, or sell yours, that's my advice.