Philip Poburka on thu 14 feb 02
It used to be that for Real Estate, the rule-of-thumb was that it rented for
one-percent of it's Market Value to the month.
So...a Ten-Thousand Dollar House would rent for a Hundred Dollars a
Month...a Hundred Thousand Dollar House for a Thousand-a-Month, and so on.
Equipment seemed to be all over the board, with rental times usually
measured
in hours or days, and the percentage of the item's value being higher than
for Real Estate.
Seemigly as much as 10 percent of it's 'replacement' value a-day to rent
it...pretty 'steep'.
Cars seem to rent at about 1/5th of-a-percent of their value per-day but
with lots of other charges slipped in to add to the bill.
A Twenty-Five Thousand Dollar 'Buick' sedan I remember renting for about
Fifty Dollars a day...weekly or monthly or 'lease' rates being respectively
lower...or something like that.
What would be 'fair' probably is whatever the mood is between you on this.
If the reasonable market value of this stuff either 'as-is' or if it is the
'replacement-value' being a consideration, if either one of them is two or
three or five or ten grand, and you are to rent-lease it for some years, I
cannot see that the amount of money should be all that very much for this
kind of thing.
Is it 'worth' to you a 'dollar-a-day'?
You could start from there...go 'up' or 'down' as may be.
If it were my stuff, and I fealt assured you were not going to hurt it, and
that you would make good any damages or repairs or wear and tear as may
happen while you have it...I would do it for some return favour rather than
the dough...if I am 'travelling' the Seven Seas I likely do not need the
dough anyway.
If the useful life-expectancy of these things may be expected with care to
extend say another two or three decades of 'use', (or of some frequency OF
use) then a percentage of that life-time may be said to represent a
percentage of their value, even if that figure were tripled or quadrupled,
it would be fairly little.
How much are you going to use the stuff?
If you will have maybe fifty 'fireings' in that time, or a hundred...you
could look at it as a bye-the-use-you make OF it plan...keep a journal and a
coffee-can 'Bank' and do it that way...so much a 'fireing'...roughly similar
for the use you expect to put the other stuff - the Wheel - through.
If you come to an agreement however, I would think it a good idea to
formalize or commemorate it in writeing...and each keep copies of
photographs taken right then, which will represent the present condition and
appearence of these ietms, to be contrasted with their condition-appearence
when the 'lease' is up...and some agreement as to what remediations are
promised in the event that there are damages to, or loss of, any of the
stuff...something along those lines, anyway...
Would you be bringing the stuff to your place?
Or useing it where it sits?
Another possibility in matters as this is that she conceed to DOES 'sell'
you the stuff with an agreement giveing her 'first-right of Refusal' AND the
right to buy it back on her return or for some time after that, for the same
price or less, as impartial evaluations of condition may justify, and in
this one may appoint in advance an escrow or third party whom both
trust...maybe some local 'Kiln' doctor or other... and one would 'do' the
photographs in advance, of course...in this, you may not sell or dispose of
the stuff untill or unless she declares formally that she does not want to
retain her right to buy it back...
There could be a time period set ON the duration of the agreement...as so
many years of the terms, three, five or whatever...and then after they have
elapsed, you are not obliged but at your pleasure, as to what, how or to
whom you keep or sell the stuff.
Those are some ideas...
Good luck!
Phil
Las Vegas
----- Original Message -----
From: "Carole Rishel"
To:
Sent: Thursday, February 14, 2002 2:18 PM
Subject: Renting equipment
A potter friend of mine is packing up her studio and locking the door while
she's out sailing the seven seas. I called and asked if she'd be interested
in selling some of her equipment - ie: wheel and gas kiln. She doesn't want
to sell her stuff cuz she may pick it back up one day. So I asked about
renting it since it won't be used - maybe for years (she hasn't potted in 3
years). She said she'd think about it, but what to charge? Has anyone done
this kind of thing before? What would be a fair rental charge?
Thanks,
Carole Rishel
kallahcee@msn.com
Smithville, TX
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Carole Rishel on thu 14 feb 02
A potter friend of mine is packing up her studio and locking the door whi=
le she's out sailing the seven seas. I called and asked if she'd be inte=
rested in selling some of her equipment - ie: wheel and gas kiln. She do=
esn't want to sell her stuff cuz she may pick it back up one day. So I a=
sked about renting it since it won't be used - maybe for years (she hasn'=
t potted in 3 years). She said she'd think about it, but what to charge?=
Has anyone done this kind of thing before? What would be a fair rental=
charge?
Thanks,
Carole Rishel
kallahcee@msn.com
Smithville, TX
Richard Jeffery on fri 15 feb 02
i would balance that with the amount of maintenance you will be applying to
equipment that might very well corrode over another 3 years....
Richard Jeffery
Web Design and Photography
www.theeleventhweb.co.uk
Bournemouth UK
-----Original Message-----
From: Ceramic Arts Discussion List [mailto:CLAYART@LSV.CERAMICS.ORG]On
Behalf Of Carole Rishel
Sent: 14 February 2002 22:19
To: CLAYART@LSV.CERAMICS.ORG
Subject: Renting equipment
A potter friend of mine is packing up her studio and locking the door while
she's out sailing the seven seas. I called and asked if she'd be interested
in selling some of her equipment - ie: wheel and gas kiln. She doesn't want
to sell her stuff cuz she may pick it back up one day. So I asked about
renting it since it won't be used - maybe for years (she hasn't potted in 3
years). She said she'd think about it, but what to charge? Has anyone done
this kind of thing before? What would be a fair rental charge?
Thanks,
Carole Rishel
kallahcee@msn.com
Smithville, TX
____________________________________________________________________________
__
Send postings to clayart@lsv.ceramics.org
You may look at the archives for the list or change your subscription
settings from http://www.ceramics.org/clayart/
Moderator of the list is Mel Jacobson who may be reached at
melpots@pclink.com.
m markey on sun 17 feb 02
Carol,
I suggest looking for some good used equipment, or saving up for new stuff.
Rent prices, when paid for old equipment over time, will cost you more than
buying brand-new equipment outright.
Since your friend may want to come back to clay in the future, I'd let the
equipment be hers, as it is.
Best wishes!
Mohabee NakedClay@hotmail.com
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