Coastal Kippford Owner Letting Scheme – 20% Discount Scheme

1. Eligibility
   • Available to purchasers of new caravans from Coastal Kippford’s current stock.
   • Offer applies to private individuals entering into the park’s standard Holiday Letting Agreement.
2. Discount
   • Purchasers receive a 20% discount on the initial caravan purchase price at the point of sale.
   • The discount is conditional upon joining and maintaining participation in the letting partnership for a minimum of 3 consecutive calendar years.
3. Letting Commitment
   • Owners agree to make their caravan available for park-managed holiday letting for at least 75% of the total days in each calendar year allocated on 75% of each low/ mid low/ mid high/ high season.
   • Letting dates are to be agreed in advance each year.
   • There is a maximum of 6 blocks of stays that can be reserved equally over the 4 park seasons.
   • The park reserves the right to manage the exact letting schedule to align with the rental agents 4 price seasons.
4. Management & Income
   • All bookings, marketing, guest communications, and payments are managed solely by Coastal Kippford or its nominated letting agent.
   • The park retains all rental income from lettings under this scheme.
   • No commission, management fees, or rental payments will be made between the park and the owner.
5. Cleaning & Turnaround
   • Cleaning is included for up to three guest booking blocks per calendar year.
   • If the caravan is made available to the owner for more than three rental blocks (up to a maximum of six), the owner will be charged for the additional cleaning services at standard park rates.
6. Private Use
   • Owners may use their caravan for private holidays for up to 25% of the calendar year, allocated on 25% of each low/ mid low/ mid high/ high season, subject to the annual letting schedule agreed with park management.
7. Early Withdrawal
   • If the owner withdraws from the scheme before completing three full calendar years, Coastal Kippford reserves the right to recover the pro-rata value of the 20% discount plus the pitch fee and rates discounted amount.
   • Any recovered amount will be calculated as one-third of the discount per unfulfilled year.
8. Sale of Caravan During the 3-Year Term
   • The owner may sell the caravan during the 3-year period in line with Coastal Kippford’s normal second-hand sales policy.
   • The sale can be structured in one of two ways:
     (a) Full Market Value Sale (100% private occupancy basis) – The caravan is valued and sold as if the owner had full unrestricted use. In this case, the park must receive a refund equal to the one-third of the discount per unfulfilled year. The owner must also pay the cancelation fee of any holidays already booked.
     (b) Letting Partnership Value Sale (25% occupancy basis) – The caravan is valued and sold subject to continuation of the letting agreement for the remainder of the term. In this case, the owner retains 100% of the sale proceeds, and no repayment to the park is required. The new owner takes on the existing bookings and schedule blocks for that calendar year. Note the valuation will take into account the lower occupancy to the new buyer and therefore the valuation will be lower than if the caravan was sold at 100% occupancy.
   • Valuations are carried out and recommended by the park based on the industry values for second hand vans at that time. Owners have the final say on the sale price.
9. General
   • The park may vary operational aspects of the scheme (e.g. letting agent, cleaning provider).
   • Offer valid until withdrawn and cannot be combined with any other promotion.