psyc

Oooops or OOOOuch?

You too understand wrong. That is what you want to believe. The cancelled lease has never been signed, ergo it is still a contractual document.

Yes, would love to hear from the trainer.

Correct if both or all parties sign then the ownership is transferred. I am talking about cash transactions designed to avoid tax or conceal fraudulent behaviour. I would like to see a sales and purchase agreement mandatory for ownership details to be transferred. Signed by all stakeholders including agents. Full disclosure so that no one gets ripped off and no tax evasion or fraud occurs. Surely this would be the "aboveboard" approach.

Be careful what you think or assume. I know a lease that has only the husband signed and not the wife even though they have joint ownership. The lease is in dispute and the NZTR have upheld the lease at their discretion. If you read the rules they are entitled to do this. Why?

What if both parties have not signed the lease? NZTR under their rules have the discretion to decide what ever they want regardless of law regarding contracts. Check the rule book

How is it a transaction can take place with 5 or 6 zero's with no sales and purchase agreement and NZTR will transfer the ownership????? As a governing body should part of their responsibility be the tracking of sales and ownership of horses and leases??? According to the Rules of Racing they have complete discretion so why do thy not take due diligence to monitor these transactions??? I am not certain but the Fraud Act puts responsibility on governing bodies to identify and monitor exchanges of this type?? In fact I think the Fraud Amendment Act has stated a timeline of 2019?? Correct if I am wrong? In my opinion as a layman NZTR is remiss in this area. I have spoken with a representative ( a Lawyer) from NZTR who informs me these things have not been looked at or updated since the 1970's. Is that how you run a modern business??? Poor buggers, I guess they will want more money to bring the operation into this century. If an organisation does not proactively takes measures to meet legal requirements (Fraud Act) then are they condoning poor behaviors of people in the industry??

Why are you pleased Pam? Do you lease horses and look forward to ripping off poor ignorant owners like me. Don't worry has had plenty of warning about me going public. For me it seems the easiest form of redress is to make it public otherwise he hides and still does not pay. Is that what you do Pam?

If you knew how to use the interweb it is not hard to find out my name. Go to NZTR website and search horse name.He delivered the horse home and it has been grazing here for 12 months still under a lease agreement. I have checked with NZTR and I am entitled to charge grazing whilst the lease is still registered with them. He wants to cancel the lease, we said no unless he also cancels the lease on our other horse he has. NZTR informs he cant have it both ways.He is convivial enough whilst he is on the winning side. When hes not he turns into a nasty bully utilizing his sons lawyering skill to intimidate and coerce. As a consequence I will never lease out another horse and tell everyone I know the same. This is only my opinion?

The debt is $6000 would be happy to take $5000. Anyone want to collect money? . And he has another horse of mine, Pop Star Princes. He owes $6000 agistment on "Just Twiggy".

Why take a lien when I own the horse he has leased???? So my options are sell the debt or small claims?? Should I name him publicly and shame him into paying his debt?? I could shame him sooo badly on social media??? I am sick of what people get away with through anonymity.

Lawyers cost too much. The trainer has been a bully to me and if I sell the debt I dont care what happens once I get my money. I neglected to mention his son is a lawyer. That is why the legal system is a waste of time. My understanding is that NZTR or the RIU could take away his license?? But at this point they are not interested in helping. I have only a small number of horses and little knowledge around this matter. I am asking for advice not criticism, can you help? Bye the way there are legitimate agencies that will buy the debt. Or are you a gangster? I bring to a public forum because I want a public discussion on this. How many people are in the same boat? What do you mean fairly average behaviour IMO? I thought the average person pays there bills???

What is the best option when a trainer owes several thousand dollars on a lease for agistment??? Have tried NZTR, RIU and email address on lease form for outstanding debt. Have informed the trainer if debt now outstanding for up to 12 months is not paid I will go public. This is the start. I am prepared to sell the debt to a collector.

Someone out there got a facebook page to own a racehorse as friends no need for a syndicate. lol.

My contribution is also decades, in fact generations, my family has donated land to a race track still operating today, but unlike you, I keep myself updated with technology and best practice based on research. There is an old saying, believe nothing of what you hear and only half of what you see. Time for old fellas like you to swallow some humility and hand over the reins. That is if you can entertain the idea that you don't know everything?