The easy way to a better holiday home!
The ‘Guaranteed Income Agreement’ guarantees an owner an agreed
level of Holiday Letting income based on the number of weeks you make your
caravan available for Park Resorts to let to holidaymakers. The scheme is
similar to the Holiday Letting programme except that we guarantee the income.
Many of our owners find this ‘guaranteed’ extra income invaluable
and earn enough money from Holiday Letting to cover their annual pitch fees,
making holiday home ownership even more affordable.
Some of your questions answered...
Can all holiday homes be let through the Guaranteed Income Scheme?
No. Only holiday homes that are no more than 5 years old for the actual letting
year, may qualify for the scheme.
How many years can I have this Agreement?
The Agreement, entered into at the time of sale, is only for up to 12 months.
What happens if my holiday home is not let by Park Resorts - are
you going to ask me for the money?
No. The responsibility for letting your holiday home for the weeks you have
agreed lies with the Park Team, not the Owner. If your holiday home is not
let by us during a week we should have, we will still honour our Agreement
with you.
Will the ‘Guaranteed Income’ pay next year’s site
fees?
This depends entirely on the amount of 'Advanced Letting Income' you wish
to put towards the sale and how much you wish to put to your account at the
end of the particular letting season. Your Sales Advisor will be able to
give you specific advice on this matter.
How else can I spend my income?
The majority of our owners choose to put their Holiday Letting income towards
the following years site fees, as this significantly reduces your annual
running costs. However, this ‘Guaranteed Income’ is confirmed
prior to the commencement of the letting period and so can be used towards
the cost of the initial caravan purchase. Again, your Sales Advisor will
be able to give you specific advice on this matter.
This is all part of the package and the costs are borne by the Park.
Do I have to pay for gas, electricity, breakages and replacements?
Yes. As an owner with a Guaranteed Income Agreement you will be responsible for all running costs. Repairs and replacements are billed as and when they occur and fuel will be billed towards the end of the season. All invoices are payable upon rendering of account.
Can I claim Tax Relief?
In some cases, yes. Please ask your Sales Advisor for full details.
What if I want to change my agreed letting weeks?
We will endeavour to accommodate our owners wishes wherever we possibly can, although there are no guarantees as it does depend on availability. We must, however, ask for a minimum of one month’s notice of any requirements you may have. Should you occasionally wish to buy back part of the period, which is allocated to the Park for letting, we will require the sum of money for that whole period immediately (only full weeks can be bought back, not part weeks). Should you wish to transfer one of your ‘Owner Booked Weeks’ for a Park week, any difference in monies must be paid accordingly; you can only transfer one week for one week.
Can I let outside the Guaranteed Letting period?
If you are on a Guaranteed Income Agreement you are still able to let your holiday home outside of the agreed letting period. Should you wish to do so, you will need to complete and sign a Holiday Letting Agreement for each letting period. This form is available from your Holiday Sales Manager on Park. Please remember that your holiday home will not be let automatically when you are not using it, you will always need to complete a Holiday Letting form to allow us to let your holiday home on your behalf. Please note that income is not ‘agreed’ when letting outside of the ‘Guaranteed Income Agreement’ Plan. Your Holiday Sales Manager can give you more detail on this.
