A park can generate income by renting out parts of the site to other users. This can include renting out buildings and land. It can be common to rent out a building or part of a site as a concession. A concession is an agreement allowing an external organisation to sell goods and services from your site. These are described in more detail in the Concessions section of this website.
Wayleaves and easements are also included as a form of rental income. A wayleave is the mechanism of providing access rights to a company to install and retain their cabling or piping across private land. The company will make annual payments to the landowner; however these normally amount to only a few pounds in value.
An easement provides similar access rights as a wayleave. However it is a one-off payment and it provides permanent access. Easements are typically about 20 times the equivalent wayleave payment.
Rental income can also be raised by issuing fishing licences to fishing clubs and renting land for the erection of communication masts.
It is important to clearly define the terms of any access to ensure activity on site does not have a detrimental impact.
Identify any electricity cables and gas pipes you have on site. Check if you have a wayleave or easement agreement for each one.
How long do you want the lease to last?
What minimum rental income is acceptable?
What is the user profile of your site? (e.g. families, sports enthusiasts etc)
How would the activity impact on the quality of the site?
Can renting out part of the site attract a new type of visitor? (e.g. corporate facilities)
Can transfer maintenance of buildings and land as part of rent agreement.
Fixed monthly income.
Can be a way of generating income on buildings and land which you might not otherwise use.
Increases the presence on site, which can help with security.
Can attract additional visitors to your site.
Langdon Lake and Meadows is a 16 hectare site that was formally agricultural land. The site includes woodland, grass and scrub land and a lak...View Case Study >
Morden Hall Park has been owned by the National Trust since 1941 when it was bequeathed to the Trust by Gilliat Edward Hatfeild. It is free t...View Case Study >