my share-lease horse went lame
We currently lease a gelding on a share-lease basis where we pay for 1/2 his board/feed and the owner pays the rest. This is a month-to-month lease that requires a 30 day written notice to cancel. The owner really just needed help with the cost of ownership and the responsibility of his exercise and care. He recently was injured on some tractor equipment in the pasture. We haven't been able to ride him for two months but, have continued to pay the lease. Do we still pay the lease when we can't ride him? I've looked all over the internet and can't find any contracts that address this. My contract doesn't address compensation to lessee in this case either. If we give notice to cancel our lease until he's better (don't know how long it will be) she said she'd look for someone else to lease him because she just can't afford it or (worse) she'll have to sell him (and break my 12 y.o. daughter's heart). I'm not sure what to do... we love him dearly but, can't afford to spend the $$ just to help out the owner...
We currently lease a gelding on a share-lease basis where we pay for 1/2 his board/feed and the owner pays the rest. This is a month-to-month lease that requires a 30 day written notice to cancel. The owner really just needed help with the cost of ownership and the responsibility of his exercise and care. He recently was injured on some tractor equipment in the pasture. We haven't been able to ride him for two months but, have continued to pay the lease. Do we still pay the lease when we can't ride him? I've looked all over the internet and can't find any contracts that address this. My contract doesn't address compensation to lessee in this case either. If we give notice to cancel our lease until he's better (don't know how long it will be) she said she'd look for someone else to lease him because she just can't afford it or (worse) she'll have to sell him (and break my 12 y.o. daughter's heart). I'm not sure what to do... we love him dearly but, can't afford to spend the $$ just to help out the owner...