Reference: D1422
Decision Maker: Portfolio Holder for Corporate Resources and Performance
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
To grant a renewed new lease as outlined in
the attached Heads of Terms.
To seek approval to grant a new lease at the
above to the existing tenant and additionally to agree to the
assignment of those lease interests to a new business tenant.
The tenant wishes to renew the lease as they
are entitled to, and sell their business to another party. They
have been open with GBC about these intentions to sell their
limited company and we have seen details of the new business owner,
who meets our basic requirements as a suitable tenant.
The rent under the renewed lease will be considerably higher than
previously paid.
By not agreeing to this lease renewal request,
the tenant still has a right to renew their lease through the
statutory renewal process under the 1954 Act and it would incur the
council in a lot of time and financial cost going through that
statutory process in objecting to the proposal without a valid
objection, under the Act there is no apparent valid reason to
object.
By agreeing to the grant this renewal with the tenant it will be
drawn outside of the landlord and tenant Act rather than our being
forced to grant a protected tenancy if it went through the
statutory renewal process.
Publication date: 13/06/2023
Date of decision: 05/06/2023
Accompanying Documents: