Dubious "Rent Expenses" in the 2025 CDAL Budget and Rent Restriction Act

Why Jolly Harbour Freeholders Should Question These Charges and Invoke Antiguan Rent Restriction Law

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In CDAL's 2025 budget presentation, several line items labeled "Rent Expenses" stand out for both their substantial cost increases and the questionable benefit they provide to Jolly Harbour freeholders. Specifically, freeholders are being charged for:

  • Tennis, Pickleball, and Pool – New sports and pool facilities
  • Warehouse – Renovations to an older storage building
  • Administrative Offices – A newly constructed space for CDAL admin, maintenance, and grounds staff
  • Security Huts – The new security booth(s) at Jolly Harbour's recently altered entrance

According to finding of freeholders, this "rent" is paid to various entities under the Sabana corporate umbrella (including "Porto Paloma," a sister company of CDAL), and in some cases, the land or buildings are apparently owned by CDAL itself.

CDAL's lease contract description from Financial Statements
Notes to the Financial Statements December 31, 2023

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