P L A Rents

byron

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16 May 2001
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Which club? Also what does 600% represent, I mean if you are paying a ridiculously low rent then welcome to the real world, if however you already pay market rate then you got reason to bitch.
 

Andrew_Fanner

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Problem with the idea of a rise in the rent is that it may have been put up without any consideration as to what the place might otherwise get. Your club land may be very important/valuable to you, but fairly worthless to anyone else. But some beancounter with a brief to maximise asset income (and who knows, a percentage...) might not have researched that bit. "Its paid for, so its worth something, so maximise that something".
 

alruss

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The club is the Hurlingham yacht club in Putney. The rent for our pontoon, which we installed, is to go up by 600%. The pontoon is only three years old so is not an old lease unrealistically cheap at present. What made them decide on 600%? why not 1000% or 200% there is no rime or reason to it. Perhaps the new board member, an accountant, that has turned arround several companies in the past
feels 600% is required to pay extra goveners dividends.
 
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