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Post subject: Re: Rent Increase?

Posted: Mon Mar 14, 2011 8:09 pm

Easty

Club Owner

Joined: Sep 23 2003
Posts: 14306
Location: East Hull

MrPhilb wrote:Didn't know it was from the council either :lol:

The ground is owned by Kingston Community Developments which isn't part of the council either is it?

‎"They supercede individuals, they supercede the team and they supercede the club. Our club is a traditional, working class club and the supporters are loyal and passionate and to see them go away happy really makes my day." Craig Sandercock.

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Post subject: Re: Rent Increase?

Posted: Mon Mar 14, 2011 8:15 pm

Mrs Barista

International Board Member

Joined: Jul 15 2005
Posts: 29811
Location: West Yorkshire

Easty wrote:Didn't know we had a review clause added into the lease. :?:

The primary lease is between the council and Kingston Community Development Limited (formerly Gaingroup) and is a peppercorn annual rental. KCD sublet to Rovers.

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Post subject: Re: Rent Increase?

Posted: Mon Mar 14, 2011 8:32 pm

MrPhilb

Player Coach

Joined: Aug 19 2008
Posts: 9043

Mrs Barista wrote:The primary lease is between the council and Kingston Community Development Limited (formerly Gaingroup) and is a peppercorn annual rental. KCD sublet to Rovers.

So its not Rovers problem then :lol:

HULL KINGSTON ROVERS is my religion, Craven Park is my church and Jordan Abdull is my God

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Post subject: Re: Rent Increase?

Posted: Mon Mar 14, 2011 8:33 pm

Gordon Gekko

Player Coach

Joined: Sep 01 2006
Posts: 5139
Location: Wall Street

Easty wrote:The ground is owned by Kingston Community Developments which isn't part of the council either is it?

I believe the land is still owned by HCC and leased to KCD who sublet it to HKR.

Motto of the week -

It is the way of the weak to secretly bleat to those in authority rather than fight their own battles.

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Post subject: Re: Rent Increase?

Posted: Mon Mar 14, 2011 8:40 pm

Mrs Barista

International Board Member

Joined: Jul 15 2005
Posts: 29811
Location: West Yorkshire

MrPhilb wrote:So its not Rovers problem then :lol:

You don't think KCD would attempt to recover any increased costs from their tenant if it was allowable? OK then.

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Post subject: Re: Rent Increase?

Posted: Mon Mar 14, 2011 8:41 pm

MrPhilb

Player Coach

Joined: Aug 19 2008
Posts: 9043

Mrs Barista wrote:You don't think KCD would attempt to recover any increased costs from their tenant if it was allowable? OK then.

If it was allowable :wink:

HULL KINGSTON ROVERS is my religion, Craven Park is my church and Jordan Abdull is my God

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Post subject: Re: Rent Increase?

Posted: Mon Mar 14, 2011 8:43 pm

Mrs Barista

International Board Member

Joined: Jul 15 2005
Posts: 29811
Location: West Yorkshire

MrPhilb wrote:If it was allowable :wink:

I've not seen the rental agreement. What does it say? :wink:

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Post subject: Re: Rent Increase?

Posted: Mon Mar 14, 2011 8:44 pm

MrPhilb

Player Coach

Joined: Aug 19 2008
Posts: 9043

Mrs Barista wrote:I've not seen the rental agreement. What does it say? :wink:

It will say what ever you want it to say won't it :wink:

HULL KINGSTON ROVERS is my religion, Craven Park is my church and Jordan Abdull is my God

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Post subject: Re: Rent Increase?

Posted: Mon Mar 14, 2011 8:45 pm

Easty

Club Owner

Joined: Sep 23 2003
Posts: 14306
Location: East Hull

Mrs Barista wrote:You don't think KCD would attempt to recover any increased costs from their tenant if it was allowable? OK then.

Exactly.

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Post subject: Re: Rent Increase?

Posted: Mon Mar 14, 2011 8:47 pm

Mrs Barista

International Board Member

Joined: Jul 15 2005
Posts: 29811
Location: West Yorkshire

Easty wrote:Exactly.

And neither of us know the variability of terms. Would be an odd arrangement for rent to be a fixed cash amount for a period of 250 years though. :lol: