Agistment Terms & Conditions

- accepts horses on agistment on the terms & conditions set out below & the owner or owners agree that these terms & conditions shall bind them jointly & each of them severally


Rheinwood shall agist the horse or horses in such manner as it deems proper or appropriate;


The agistmernt fees may be varied from time to time as may be advised by Rheinwood in writing to the owner, whether it be by submission of any account or otherwise;


Rheinwood shall have the absolute right to retain possession of any horse or horses until all agistment fees relevant to all of the owner's horses have been paid;


In the event that the agistment fees remain outstanding for a period of 30 days after the same were due for payment as herein provided, then Rheinwood shall have the right to offer for sale the horses or horses to which such fees relate by public auction and to apply the proceeds of sale thereof (after deduction of sale commission and expenses associated with such sale) firstly against all agistment fees outstanding in relation to the relevant horse or horses to the date of sale, together with interest thereon and any costs of Rheinwood associated with the sale and secondly, against any other agistment fees outstanding from the owner in relation to any other horse the owner has on agistment with Rheinwood with the balance, if any, to be paid by Rheinwood to the owner;


Rheinwood shall be entitled to retain possession of all Documents of Description and registration papers for any horse on agistment whilst agistment fees remain outstanding;


For the purposes of Clauses 3, 4 & 5 of these Terms & Conditions the owner absolutely appoints Rheinwood his attorney with full power to deal with any horse or any moneys as the case may be and to enter any horse for sale at a public auction, to instruct the auctioneers in relation thereto and to apply the proceeds therefrom in accordance with the terms of Clause 4 hereof;


All moneys payable to Rheinwood shall be paid within fourteen (14) days of Rheinwood submitting to the owner an account for the sale;


Interest is payable calculated at 12% per annum on all accounts exceeding fourteen (14) days.