I hope someone can help with this dilemma. I own a horse with another woman (we each paid $3,000 in 2006) and have the papers to prove it. The horse has been eventing for a number of years - on a large scale in the USA. His value has gone up to over $30,000. Our relationship, however, has gone south and I want out of the "partnership". Although we are both registered owners of the horse we did not specify in any contract a first right of refusal clause. My question is: If I want to sell the horse (and she does not) can I force the sale if she can't buy me out? Any advice from a legal aspect would be appreciated.
Another part of this story is I also own a horse that my "partner" has boarded for about 8 years (I have paid pretty well all expenses for 5 years but ran into some financial trouble so she has "carried" the horse since. My grand daughter has trained on the horse and has competed as well. My partner has also used my horse to train other riders as well as leased him out for private use. I'd like to relocate this horse to our new property for my grand daughter to keep. However, my partner said that she won't let the horse go until I pay her for the last 3 years of boarding (she figures around $8,000+). I offered to let her have my half share in the other horse in exchange for what she says I owe her - which I thought would be a fair exchange.
She has refused and says the other horse has nothing to do with the money you owe.
Any suggestions or "horse law" you know of that might help me in this situation would be greatly appreciated.
Thanks for listening.