With all the bull lease questions coming up I thought I'd through this one out there:
Lessee leases Bull for 60 days, pays in full at time of delivery of bull. Leasee has 8 cows, 2 of which have not calved yet (all other cows have calved out anywhere from 45-60 days prior to bull delivery date), on approximately 125 acres. After 30 days Bull gets out into the neighbors pasture with approximately 25 cows and 2 much smaller/younger bulls. At this time the Lessor picks up bull (from neighbors pasture) and brings back to Lessor's ranch at the request of the Lessee. Lessee says would rather not use that bull again as the bull might continue to get out. Lessor does not have another bull that could be leased out, does have some for sale.
*NOTE*
-Bull is 4 years old, has no prior record of getting out a pen, ever.
-Lessee lives approximately 2 hours from Lessee's property and visits cattle Friday - Sunday.
What to do? Anything? Lessor give back 1/2 of payment? Try to sell Lessee a bull and knock off the remaining balance of lease from sale price?
Basically what would You do to "settle up" if anything at all?
Ryan
Lessee leases Bull for 60 days, pays in full at time of delivery of bull. Leasee has 8 cows, 2 of which have not calved yet (all other cows have calved out anywhere from 45-60 days prior to bull delivery date), on approximately 125 acres. After 30 days Bull gets out into the neighbors pasture with approximately 25 cows and 2 much smaller/younger bulls. At this time the Lessor picks up bull (from neighbors pasture) and brings back to Lessor's ranch at the request of the Lessee. Lessee says would rather not use that bull again as the bull might continue to get out. Lessor does not have another bull that could be leased out, does have some for sale.
*NOTE*
-Bull is 4 years old, has no prior record of getting out a pen, ever.
-Lessee lives approximately 2 hours from Lessee's property and visits cattle Friday - Sunday.
What to do? Anything? Lessor give back 1/2 of payment? Try to sell Lessee a bull and knock off the remaining balance of lease from sale price?
Basically what would You do to "settle up" if anything at all?
Ryan