Co-owning a mare

[heartkranch]

I'll get this out REALLY quick. I don't like co-owning anything but she's a really good friend.

Anyways, I bought a filly (that I just adore!) from someone on here, and while we were there I asked if they had anything for cheap. They did, my friend didn't have her checkbook so I went ahead and paid the full amount because I like the mare a lot other than one conformation flaw, she said she would pay me the other half later. Well the next morning I trimmed her feet, wormed, AND vaccinated her. Then took her home, with my other filly.

Well she was talking and said the foals we'll spilt the cost of what we would sell them for. I said ok at first. While I was doing fence I was thinking, how is it that I own the stallion (ringo) who really will make the foal worth what I will want for it, and half of her(then pay for all of her upkeep), how is it fair that we are going to 50/50 the foal if we decide not to keep it.

Not even saying the vet bills that are going to come with that, which me, I basically get free vet calls now, but I still have to pay for his trip out to the house.

The mare wasn't expensive at all, but I'm very picky how they'll be taken care of. I just don't like knowing I'm the one that's getting screwed.

 

[minimomNC]

Put everything in writing, every single detail. To make it fair with your stallion, set a stud fee and when you sell the foals, deduct half the stud fee from her share. If the mare is at your house full time, set a price of board and care and she pays half, if you foal out the mare, set a fee for foaling and she pays half. All bills should be split in half. If you want to stay friends, get it all in writing before anything else happens or just let her buy your half of the mare. Talk, talk, talk and talk more. Make sure you both know what your getting into.

 

[heartkranch]

Put everything in writing, every single detail. To make it fair with your stallion, set a stud fee and when you sell the foals, deduct half the stud fee from her share. If the mare is at your house full time, set a price of board and care and she pays half, if you foal out the mare, set a fee for foaling and she pays half. All bills should be split in half. If you want to stay friends, get it all in writing before anything else happens or just let her buy your half of the mare. Talk, talk, talk and talk more. Make sure you both know what your getting into.

Thanks.. That makes it sounds better, just don't know if she'll go for all of that.

 

[Songcatcher]

Sounds like a good way to ruin a friendship. I would find a way for one or the other to own the entire horse.

 

[heartkranch]

Sounds like a good way to ruin a friendship. I would find a way for one or the other to own the entire horse.

Yeah. The person who got us to meet is really close to me(we show horses together), and this lady that co-owns the horse is her next door neighbor.

She said to get out because she'll want it her way and not mine.

 

[Michelle@wescofarms]

Everything in writing is the best bet. Otherwise this is going to be a problem. Been there, done that!

 

[supaspot]

Sounds like a good way to ruin a friendship. I would find a way for one or the other to own the entire horse.

:yes

Yeah. The person who got us to meet is really close to me(we show horses together), and this lady that co-owns the horse is her next door neighbor.

She said to get out because she'll want it her way and not mine.

theres your answer ! dont even go there

 

[Jill]

I'd say get everything in writing, keep meticulous records on expenditures and upkeep, and insure the mare for mortality and major medical.