10 Jul This is an email to a partner (Jane) who would like to withdraw h
This is an email to a partner (Jane) who would like to withdraw her shares from the business in such situation during the COVID19 period. Acknlowdge Jane’s concern; no update as the director was on maternity leave but the team was busy, working on the business. The team has been working very hard to build the short term stay apartment portfolio from the day the business is set up. With our experience in short term stay operation and the trust we build with the owners, with the right market, it is expected that business investment will start making profit after 6- 8 months. The team had already managed to build up our short letting pool to 23 apartments in the building. We have just started with selling the rooms and the corona virus hit the short-letting business hard :current occupancy rate is lower than x % and foreseeable future occupancy doesn’t look good Funds were running low in account, after the initial investment, the company has further injected $xxx into the account to keep the business going ($xx on xxx) but the company didn’t ask for injection from Jane. We are facing big challenges now that we have X Rental Guarantees that we need to pay every month which is $x per month and $x per week but we don’t have enough booking to cover the expense. expect that the short letting market will need at least 6 – 12 months to recover Actions taken to minimise loss: our team has suspended signing up new properties. We have been trying to transfer these properties to fixed term with 3 leased under fixed term; 20 still pending for lease This is the most difficult time for us and withdraw from the partnership will put more pressure on us. However We understand your concern; agree for her to withdraw but cannot refund the initial investment – funds were used to build the business (main cost renovate the shop, paying rent to shops and rental guarantees payments, invest in furniture)
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteEdu. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
Do you need help with this question?
Get assignment help from WriteEdu.com Paper Writing Website and forget about your problems.
WriteEdu provides custom & cheap essay writing 100% original, plagiarism free essays, assignments & dissertations.
With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Chat with us today! We are always waiting to answer all your questions.