Page 37 - The AUDIO Affair pdfs

From: Graffiti Editions Ink/Designers studio@graffiti.biz Subject: Mitre House - funding
Date: 24 May 2014 at 03:57
To: MHillgarth@GMail.com
Cc: Karupiah Segar segar_9@hotmail.com
Hope the week-end is peaceful in the sticks.....
Not that you'll be doing any emailing till you return, but do bear in mind (as a Director with our responsibilities re: Landlord & Tenant Act)) that you must make clear that the additional funds required to be paid by each Lessee are voluntary contributions (and I would strongly suggest more than the minimum £1000 as that will still leave us totally at ZERO in Reserves come Christmas - much safer to double it to a minimum £2000 leaving us around £9000 in Reserves for unforeseen contingencies for both the works and our general maintenance, lift etc) . We cannot force any Lessee to pay additional funds if they don't wish to as the works involved in the INTERNALS consist of some non essential works.
Please make that very clear as any Lessee could take us to task unless that is stated. I have advised Jamil of the meeting/situation and am awaiting his response which I'll let you have.
If we were sticking exactly to the terms of our Head Lease, no works are meant to commence until all funding is in place meaning June and September's quarters must be utilised for the additional requests, meaning demands of, I would suggest, £1000 plus the normal £650 for both quarters.
Bon voyage, Paul
On 23 May 2014, at 20:06, Michel Hillgarth <Michele@HillgarthArt.com> wrote:
Have a good weekend.... No email Best
Michele
Graffiti Editions Ink / Designers
7 Mitre house 124 Kings Road Chelsea London SW3 4TP Telephone +44 (0)20 7589 2764 Mbl +44 (0)798 33 33 543 www.Graffitieditions.Com Email: Studio@Graffiti.Biz
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