Explanation of Rental Rate Calculation
You are in Prime Time (May 15 - Oct. 15), therefore
Prime Time Rates apply.
You are staying more than a day, but less than a week, including a
weekend. BBay's weekly rate is cheaper than 3.5 days at the daily
rate, so doing the weekly rate is better for you, even though you won't
use all the available rental period. Weekly rate is still cheaper than
combining the weekend plus some extra days at the daily rate.
Children under 5 are free, so there is only 3 paying customers in your
family, and 6 paying customers in your friend's family.
The $850/wk minimum is for 5 people or less (2005 rates, substitute
latest rates). That is $24.29/person per night
($850 / 7 / 5=$24.29).
With 3 paying in your family, you have 2 additional spots paid but not
used (5 for $850 but only 3 family members). Your friend's family
can make use of these 2 additional spots. That mean of the six
people in your friend's family, 2 will be in the $850/wk minimum charge,
and there will be 4 extra people.
BBay charges $24.29/person/night for extra people (same as weekly
The extra people in your friend's family are staying 3 nights, so the extra charge is 24.28*3*4=$437.15
Adding the minimum charge for the week, we get a total rental fee of $1287.15
($850 + 437.15= $1287.15)
There is 7% GST for a grand total of $1,377.25 (total cost of rental).
This rental fee is normally due 3 months before the start of your rental (rental
starts on June 4, so 3 months before this is March 4. Since it is
already Apr. 29, the full rental fee is due with your application.
The damage deposit is 50% of the rental rate, or $688.62 (refundable within 2 weeks after the end of the rental, provided all is OK).
Deposit is due with your application
Your total cash flow is $2,065.87 at maximum, reducing to a total cost of $1,377.25 after the rental deposit is returned.
The only additional charge is the energy cost. BBay's cottage is
Green Powered for electricity, generated by our wind and solar power
system. However, we use propane for the kitchen stove, fridge, and
hot water heater; and gasoline for the backup generator. To ensure
maximum energy efficiency, we have a "User Pays" system for fuel.
Assuming you don't exceed the solar/wind generating capacity, you will not
have to run the generator. Therefore, it's only propane that could
cost extra. The main user of propane is hot water heating (large
amount needed to heat water & keep it hot), then the fridge (small
continuous flow 24 hrs/day), and a little bit for the stove electrical
(large flow for 30 min/day).
If you shower continuously for 1 week, you will consume approx. 45 # of propane for a cost of approx. $60.00 If you take a reasonable number of showers, your propane cost will probably be $20.00
for the week.
Compared to a Motel
For the motel equivalency,
assuming 2 double beds in each room (sleeps 4 people per room), you would have to get
1 room for 5 nights plus 3 rooms for 3 nights for a total of 14
room-nights. You would have to find motels rooms for less than $91.94
plus GST per room per night to get an equivalent room price.
on Manitoulin are generally $60 per night per room. Therefore motel
rooms are 34% cheaper than BBay (mainly due to staying only part week, but
charged for a full week).
In addition, at BBay you have a full kitchen and dining room, saving the
cost of eating out; room to move around, 113 acre forest to enjoy,
canoe, private beach, etc..
Compared to Other Cottages
Here is a
comparison of rental rates for
cottages in Ontario. You will see that BBay's rates are 16% below
the median cottage rental rates in Ontario, Canada.