Private acres for lease
Submitted: Saturday, Jul 09, 2005 at 11:26
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Ken S
Hey all , I've been toying with the idea of leasing out a small block on the Turon River to people that do not want to not have to fight for space on the public
reserves on public holidays . It is a river front block with good swimming holes , gold
fossicking and at times fishing . Numerous day trips to some great areas are all around , Hillend ,
Sofala ,
Bridle Track , UpperTuron National Park ,
Dunns Swamp and
Wollemi National park , Ophir , Rhylestone weir ,
Capertee Valley , Glow worm tunnels , Newns etc the list goes on . It is about 20 acres and would suit clubs , groups or singles . There is plenty of flat ground for camps , trailers or vans .I was thinking about $10 per night per vehicle with a minimum charge of $50 per night . Most clubs have their own insurance which makes me think that this would be the way to go and if they have a group of 5 or more vehicles it is relativley cheap at $10 per vehicle .
What do you think ?
Reply By: robak (QLD) - Monday, Jul 11, 2005 at 11:44
Monday, Jul 11, 2005 at 11:44
Ken S
Don't even think about doing this without insurance. Like it was mentioned before. Their insurance company will come after YOU to get their money back. A broken arm is typically a $60 000 payout and about $30 000 in lawyer's fees.
If there is an accident and it goes to court, whether it's your fault or not, you will still have to find money for your lawyers, and as most of these are settled "out of court", so you'll be up for at least your lawyers payment (ie new car).
Sometimes the best insurance is not to have insurance, but that's only if you haven't got any assets. So, perhaps you can start up a $1 company that leases the land of you and runs the "camping ground". I'm sure somebody on this
forum would know if that is possible.
Cheers
R
AnswerID:
119747
Follow Up By: Member - iMusty (VIC) - Monday, Jul 11, 2005 at 13:01
Monday, Jul 11, 2005 at 13:01
Offer some law firm 90% of the takings as a retainer.
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