So the 84-year-old won't be responsible for disinfecting the Grotto after an outbreak of Legionnaire's disease that sickened 200 people earlier this month. The lease also stipulates that Icon Acquisition Holdings pay Hefner's utilities, including his cable bill, and handle all upkeep, maintenance and damage repair. a firing or a resignation), "Landlord and Tenant or their representatives shall meet in person and exchange sealed envelopes containing their proposed fair market rent and shall open those envelopes in the presence of each other, and, if the two proposals are within ten percent (10%) of one another, the fair market rent shall be the average of the two proposals." (If the proposals aren't within 10 percent of each other, it triggers a long process involving arbitrators.) To determine what constitutes fair market rent, the lease agreement lays out an arcane procedure: Within 10 days of a "Rent Determination Date" (eg. Download the Inception App to get the full experience. Join Cooper Hefner, son of the magazine’s legendary founder Hugh Hefner, as he showcases the rooms, stories and objects that have come to define this iconic residence. If Hefner is fired for cause, or if he simply chooses to quit, he can stay on in the mansion by paying "fair market rent." Step inside and explore one of the most famous homes in the world, the Playboy Mansion. That rate only applies as long as Hefner continues to work for Icon Acquisition Holdings, Playboy's newly-formed parent company, or if he's fired without cause.
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