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SarahBell

Liability For The Rent - Gordno Ramsey

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http://www.bbc.co.uk/news/uk-england-london-30897574

The chef said his signature had been forged on a document which made him the personal guarantor for the pub's rent.

Mr Ramsay said the document made him liable for £640,000 annually for the York & Albany pub near Regent's Park, north London.

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He's only liable for the rent if the person actually on the tenancy doesn't pay the rent though/

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So he "rents" a pub that he "bought" and he's liable for paying the "lease". - or maybe it's the other way round.

Then there's the chef, a performing monkey, a ghost machine and a forger involved - who would eat there but it's going to be some movie.

Edited by billybong

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Operating as a business.

FIL employed at an executive level, expected to make decisions + sign stuff.

What did he expect from the court case? Oh dear, you're employee is a bit duff??

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oh well, the lease only runs to 2032....

He'll be needing to make £1750 every day just to pay the rent.

Wonder how much taxis paid by the landlord on that place.

Sweet FA would be my bet.

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Pretty tough that a business partner could make you personally responsible for something they do (admittedly on your behalf).

Surprising (to me) that it wasn't signed on behalf of the business and it be the business that would be liable.

Not that I've ever run a business or know exactly how these things work.

Would feel sorry for the guy if he lost everything off the back of it.. I presume he's worth quite a few bob though.

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He'll be needing to make £1750 every day just to pay the rent.

Wonder how much taxis paid by the landlord on that place.

Sweet FA would be my bet.

Let's take a guess at the rates too

The rateable value is £320k

http://www.2010.voa.gov.uk/rli/en/basic/find/assessment-history/2010/13964605000

As the multiplier is 48.2 pence in the pound just now

http://www.2010.voa.gov.uk/rli/static/HelpPages/English/faqs/faq146-what_are_the_current_multipliers.html

That makes £154,420 for the year - another £423.06 per day to go with the £1,753.42 daily rent

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https://

thisboysmind.wordpress.com/2012/07/21/10-reasons-why-expensive-restaurants-serve-tiny-portions/

Typically needing about £2000 or so a day just to stay open doesn't even rate a mention in 10-reasons-why-expensive-restaurants-serve-tiny-portions.

Edited by billybong

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