Does the owner have the right to sell a leased horse?
Aug.26, 2010 in
Selling Horses
I am looking into leasing a horse at my local stable that I have fallen in love with. It would be a full lease, where I would pay for the board which includes the feed, farrier, and vet bills. I was just wondering if the owner of the horse has the right to sell the horse if I am currently leasing the horse? I don't want to fall even more in love with the horse only to lose him. Any ideas?
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August 26th, 2010 at 8:03 pm
the owner does have the right and that does happen alot, but they will usually talk to you first…talk to the owner first though and ask if they would ever sell it?
August 26th, 2010 at 8:04 pm
You would need to read the contract to see if there are any provisions for an early termination of the lease.
August 26th, 2010 at 8:49 pm
Who ever owns the horse has the right to sell it. No matter who is leasing it.
August 26th, 2010 at 8:57 pm
well the owner is the owner….meaning that the horse belongs to them. Yes they can sell it if they want. But usually they will give you a heads up or ask if you would like to buy it before they ask anyone else. I know it sucks but its the way the game works.
August 26th, 2010 at 9:35 pm
Yes he would have a right to sell it. If you sign a contract or something that states how long the lease is then he can’t sell it until the lease ends. But technically he owns it and if he wishes to sell it he has that right. I have never heard of leasing out horses. If you are worried about falling in love with it you should explain to the owner that you want to lease it now with a chance of maybe buying it someday. You could start saving up. If you really fall in love with the horse it would be a very worthwhile investment.
August 26th, 2010 at 9:57 pm
The owner has the right to sell the horse, but if you’re leasing it, then it can’t be sold while in lease unless discussed with you. Or, if it is to be sold, then the buyer needs to be aware that the horse is leased and should allow you to finish the lease, giving it up at the end.
You’d be better off buying it cos then it’s yours and no stress about selling it from under you.
August 26th, 2010 at 10:50 pm
Leasing a horse should involve a written contract, and that issue would have to be stated in the contract. Whether the owner can or can’t depends entirely on what the contract says. But if you’re going to be paying so much to lease the horse, why don’t you just offer to buy the horse? Or you could request that the owner offer you first dibs on buying the horse if he/she decides to sell, or do a lease to buy thing where the money you pay for leasing goes as credit towards the purchase price of the horse? If you’re paying all the bills anyway, it’d be the same cost of montly maintenance to just own the horse outright, and you wouldn’t have to worry about losing it.
August 26th, 2010 at 11:00 pm
Yes, the owner can sell the horse if he if for sale. I was very worried about that my horse could have gotton sold while we were leasing. But not all people are that creul. They might regect people that are intersted in buying him. The people that own the horse I’m leasing havent been up there in 6 months m not too worried.
Good Luck!
August 26th, 2010 at 11:18 pm
Actually the new owner is required to honor your lease until your lease is up if money has exchanged hands.
This is actually Federal law and states that the horse is under prior contract and the prior contract takes priority.
If you are worried you can get a written contract which could state what would happen in such an event. You can also get a written contract given you first bid (the right to be given the first chance to buy the horse) or matching bid (the right to meet any price already offered for the horse.
During a lease control f the horse legally belongs to the leasee. It is the same with anything that is leased. Whether it be a car or land. Did you know you can legally tell the owner of a house you are renting to leave?!
August 26th, 2010 at 11:31 pm
The owner of a horse has the right to do anything they want with there horse, include selling it. You do have the right of a refund if the owner decides to sell the horse during your lease period and you have already paid.
August 27th, 2010 at 12:05 am
yes, the owner has the right, since he doesn’t belong to you, but to him/ her. why don’t you consider buying him instead?