Leasing a membership

uberwolf

is it standard to be charged a premium over the annual membership?

anyone seen these advertised anywhere?

milltown

I would have thought the opposite but it may depend on how desirable the club in question is considered to be. i.e. Most people offering their memberships for lease would be paying the sub anyway but know they won't be getting the golf out of it. They would probably be happy to get a bit less than they would have otherwise wasted. On the other hand, if it was a club where membership had closed or was prohibitively expensive and there was realistically no other way to pretend to be a member, maybe a small premium could be asked.

An example of each type off the top of my head would be Millicent, where there's enough members trying to sell out that the annual fee should be the absolute max you'd need to pay. Carton may be an example of the other extreme. Still memberships available but at €40k out of reach for most. Annual sub of €2.5k may be worthwhile if you'll get the golf out of it on two great courses, and there's probably enough people trying to impress mates/colleagues/customers that the demand will take a bit of a premium.

Bit of a ramble, sorry, but I wouldn't expect to be charged extra to maintain somebody's membership while they have a year off.

ShriekingSheet

In my club the annual sub of a full share holding member is the same as what a leasing member pays. The leasing member must lease from a shareholder but payment is made to the club - not the shareholder, hence there's no scope for premium pricing or undercutting.

A share holding member and a leasing member have exactly the same playing rights, and rights in general. The only small exception is a leasing member can only attend the AGM as an observer. Boo-hoo.

As a 26 year old saving for a house, working full time just about 2 years I find leasing a great way to go.

WHIP IT!

ShriekingSheet wrote: »

In my club the annual sub of a full share holding member is the same as what a leasing member pays. The leasing member must lease from a shareholder but payment is made to the club - not the shareholder, hence there's no scope for premium pricing or undercutting.

A share holding member and a leasing member have exactly the same playing rights, and rights in general. The only small exception is a leasing member can only attend the AGM as an observer. Boo-hoo.

As a 26 year old saving for a house, working full time just about 2 years I find leasing a great way to go.

Would people expect the annual sub/lease fee to come down next year for most clubs?

I leased in 2007 but hadn't the spare cash to do it this year, coupled with the fact my job situation changed meaning I wasn't going to be able to play as much.

But, I may lease again next year if I thought the price would come down a few quid - again the job situation has changed a bit so I shouldn't have any difficulty playing twice a week or so.

My other option - thinking of joining Slievenamon GC as a distance member and "spreading my wings" a bit and playing some of the great Golf Clubs around on their midweek open days (I always have 1 or 2 weekdays off each week, don't golf much on weekends).. To be honest, I leased in Killeen GC in 2007 and, as much as I like the place, I got a little sick of playing the same course every week. At least I'll be able to keep my GUI current this way.

ShriekingSheet

I don't think the annual sub will come down to be honest Whip It. Entrance fees are, and may continue to. But annual subs pay the clubs bills, especially when green fees, bar and food sales etc are on the slide.

SalthillGuy

Clubs are in a tricky position at the moment as they need to be fair to thoae who have subscribed in the past, while attracting business in those difficult times.

IMO we will see a lot of short-tems specials :
- membership without voting rights
- 5 day membership
- deferred levies

We have a situation where member over 65 get 50% reduction, plus those over 75 are free.

Going forward, this is not affordable.
We need to look at buying back those memberships reductions over time.
Has any seen this situation.?

WHIP IT!

Thanks lads... I would prefer, if I could, to join a local club and be able to play a few holes here and there and use the practice facilities etc... but I also can't justify spending more on the sub than I would otherwise spend on Green Fees plus Distance Membership in somewhere like Slievenamon...

F**kin Recession, eh... :pac: