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#30125
11/15/2014 09:50 AM
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Joined: Aug 2000
Posts: 85,934 Likes: 137
Traveler
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OP
Traveler
Joined: Aug 2000
Posts: 85,934 Likes: 137 |
Daily Herald storyAlso purchaser from Kildare Properties ordered not to collect rent from Sunset Bar or the chinese restaurant.
Carol Hill
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Joined: Jul 2013
Posts: 837
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Traveler
Joined: Jul 2013
Posts: 837 |
Anyone know how this is going to affect Sunset? The way I read it, they are there illegally since the land was never able to be rented out.
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Joined: Aug 2000
Posts: 85,934 Likes: 137
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Don't know exactly, but Sunset has been there a LONG time, MUCH before this sale of the long lease. My supposition is that it's a question of who they will need to pay, versus not being able to stay there. I believe what was illegal was the sale by the former Caravanseri owners of the long lease rights to the land, not the lease of the property by Sunset.
Carol Hill
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Joined: Jan 2008
Posts: 374
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Joined: Jan 2008
Posts: 374 |
Wow... what a mess. So the Country owns the land, and these companies get long lease rights. Now this makes more sense on what is going on. The splitting of the lease should have been recognized as an issue when or if it was filed.
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![[Linked Image]](https://www.tickerfactory.com/ezt/d/4;10748;128/st/20240320/e/Cruising+BVI/dt/-3/k/2a34/event.png)