I can not take credit for the following as I found it on another web-site. Please note the comment on wear eye protection!
"My 5103 with just under 400 hours did the same thing. I hooked up the brush hog and it would not go down. First I made sure the levers turned the respective shafts. The rest of the hydraulics worked fine. I figured a valve was stuck. The unit has a lock for the 3 pt., which also can control the rate of drop. It's under the seat on the right side, make sure it's not turned all the way in. I next put jack stands under the mower, then removed the seat. Seat removal consists of two 3/4" bolts, the seat needs to be moved forward and back to access them. I then blew off the dirt and crude around the housing, removed (slowly) the three allen screws hold the housing on. When the cover reaches a certain point, about 1/4" away from the transmission the pressure will release. Where eye protection! The jack stands allowed a very small amount of hydraulic fluid to blow out, otherwise the full stroke of the hydraulics would have blown out. Next remove both valves and look for rust, mine had rust on them, a very small amount that I was able to clean off with a rag. I put things back together and it worked fine. I feel the problem may lie with the super thin gasket they use, Moisture can get in and corrode the "dry side" of these valves.
The repair took 15 minutes."
"My 5103 with just under 400 hours did the same thing. I hooked up the brush hog and it would not go down. First I made sure the levers turned the respective shafts. The rest of the hydraulics worked fine. I figured a valve was stuck. The unit has a lock for the 3 pt., which also can control the rate of drop. It's under the seat on the right side, make sure it's not turned all the way in. I next put jack stands under the mower, then removed the seat. Seat removal consists of two 3/4" bolts, the seat needs to be moved forward and back to access them. I then blew off the dirt and crude around the housing, removed (slowly) the three allen screws hold the housing on. When the cover reaches a certain point, about 1/4" away from the transmission the pressure will release. Where eye protection! The jack stands allowed a very small amount of hydraulic fluid to blow out, otherwise the full stroke of the hydraulics would have blown out. Next remove both valves and look for rust, mine had rust on them, a very small amount that I was able to clean off with a rag. I put things back together and it worked fine. I feel the problem may lie with the super thin gasket they use, Moisture can get in and corrode the "dry side" of these valves.
The repair took 15 minutes."