If you join the scheme it will offer you the ability to earn income from your Holiday Home whilst still allowing you use of it at other times. In these days of rising costs, it may be of assistance in reducing financial pressure. If you are considering buying a holiday home it may be a way of assisting you to make that big decision to purchase.
The Company has operational control of the scheme and it is overseen by our lettings Manager.
To successfully manage our scheme there is a need to have designated dates agreed in a formal contract that will need to be signed before the start of each season.
The company will clean the holiday home after every let, provide and launder the linen, carry out basic and routine maintenance (chargeable) and look after the guests as we would in our own hiring fleet – including check-in and out and marketing.
Operating expenses as identified in the agreement are included, but there will be a 5% charge on the total annual income achieved to cover the cost of cleaning and laundry. There will be a ´per booking´ charge of £50.00 for cleaning the hot tub - if applicable.
You will need to provide the full inventory to meet the subletting standard and you must ensure all safety testing is carried out (which is a condition of the licence anyway) and have public liability insurance. You will be responsible for gas and electricity usage and any repairs/breakages.
No. There are no guarantees because it depends on how busy the park is and how many weeks you have made available for letting. However, the dates stipulated have been designed to provide a good opportunity to receive a reasonable level of income.
The commission rate (including VAT) due to the Company will be:
Low, mid and high season 35%.
There is also a 5% cleaning charge and hot tub cleaning charge, as identified above.
Commissions due, at the rate set out in the agreement, will be paid to the owner/s on a monthly and ongoing basis and any expenses deducted on a monthly basis. For example, bookings revenue due for the month of April, would be paid at the beginning of June. It is your responsibility to declare this income to HMRC as may be appropriate.
Contact us for further information and to register your interest in the scheme. This can be done by contacting the park or by emailing Amy on enquiries@atlanticcoastpark.co.uk
Low season 2 weeks and 4 short breaks:
Revenue = £4562.00 – commission = £1596.70 ….. owner £2965.30
Mid season 4 full weeks and 4 short breaks:
Revenue = £8424.00 – commission = £2948.40 …. owner £5475.60
High season = 6 full weeks:
Revenue = £11010.00 – commission = £3853.50 owner £7156.50
Operating expenses as identified in the agreement are included but there will be a 5% charge on the total annual income achieved to cover the cost of cleaning and laundry. There will be a weekly charge of £40 for cleaning the hot tub - if applicable.
Revenue after commission: £15597.40
Pitch fee: £3682.40
Cleaning (incl. Hot tub): £1999.80
Safety testing: £194.00
Average gas usage: £744.00
Winterisation: £98.00
Insurance: £450.00
Electricity (incl. Maint. Fee): £132.00
Rates: £150.64
Minor repairs or breakages: £300.00
Revenue to owner: £7846.56
The terms and conditions relating to the scheme can be summarised as follows:
1. The agreement must be signed and agreed by all owners of the Holiday Home and a representative of the Company, prior to the relevant season.
2. The weeks available must be agreed and meet the minimum criteria set out in the scheme details, unless otherwise agreed – once agreed, these cannot be reduced, although they may be increased by the agreement of both parties.
3. This is not a guaranteed letting scheme (unless formally agreed and stipulated) although the Company will endeavour to book the agreed weeks wherever possible. This is dependant on booking trends and economic/business performance and may involve applying discounts where necessary to enhance any bookings.
4. The agreement is valid for the current season and can only be terminated by the agreement of both the owner/s and the company. In the event of the owner selling the Holiday Home, bookings cannot be transferred to the new owner.
5. The rates of commission charged by the Company will be, (including VAT):
Low Season –35%, Mid Season – 35% and High Season – 35%
The dates of these seasons will vary year on year due to changes of bank holidays etc and are available from the park office prior to the commencement of the season.
6. If the agreement is terminated early, other than by mutual agreement, then the full value of the remaining bookings will be due to the non cancelling party.
7. Commissions due, at the rate set out in the agreement, will be paid to the owner/s on a monthly and ongoing basis and any expenses deducted on a monthly basis. For example, bookings revenue due for the month of April, would be paid at the beginning of June. Any expenses incurred by the company, will be deducted from this amount. These will be individually identified as the season progresses.
8. The owner must provide public liability insurance (for a minimum of £5 million), for holiday letting and a valid TV licence, prior to the commencement of the agreement.
9. All safety testing must be current and valid throughout the whole of the letting period.
10. The holiday home must have a subscription to the company WIFI system and this is payable by the owner of the unit.
11. The services included under this agreement will be:
Marketing the Holiday Home - Handling all the administration with regards to listing on our booking system, taking and confirming bookings, all payments, check in and out and remitting funds to the bank account of the owner.
Routine, basic maintenance checks.
Provision of the key holding service.
Being the point of call for handling all customer enquiries and complaints and liaising with the owner as and when required.
12. The owner agrees to ensure that the caravan is cleaned after any personal use and that all food and other consumables are removed. Chargeable services are:
Weekly charge for cleaning the Hot Tub (if applicable).
5% commission on the total revenue achieved for cleaning and laundry services.
Any repairs necessary to maintain the standard of the unit are chargeable as required.
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