Sunday, May 08, 2005

Knowledge Village in rent revolt - 7DAYS

“This year a rent increase of nearly 30 per cent has been imposed without any consultation, and next year we are told that there will be another increase, but we are not told how much.”

“Nowhere in the world are you forced to sign one-year contracts; three or four years is more normal, so you can carry out some kind of financial planning. How are you supposed to business plan when you do not know what your rent is going to be next year?”

“Here there are no tribunals. They have their own rules.”

“The language from Knowledge Village is of ‘partnership’ and ‘community’, but it is empty rhetoric; this rent rise was taken unilaterally without any consultation.”

2 Comments:

Blogger Keefieboy said...

TECOM spokesman says./.'Well, y'know, sod off back to where you came from.'

Sadly, this is the general attitude in TECOM (DIC, DMC and Knowledge Hamlet). They have become massively successful, and there are waiting lists for all of their facilities. Therefore they don't really care whether you stay or go.

7:20 PM  
Blogger John B. Chilton said...

KB,
That is the way the market works. And when we economists say things like that it only lowers our social capital.
Those in rent revolt seem to have two semi-legitimate points:
1. The contracts are one year.
2. The rhetoric of community is inconsistent with action.

But if they are right about #1 then KV should be able to make more money by offering long term contracts willing to pay a premium for that security.

Taking point 2 on face value it mean that KV has created an image problem. When your actions are inconsistent with the way you portray yourself to clients, then future clients - assuming they read 7days, etc. - will build a untrustful factor into the price they are willing to pay.

7:03 AM  

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