Reference: D1772
Decision Maker: Director of Operations
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
To agree to the uplift in annual rent
following open market rent review, as per the provision(s) of the
lease.
To grant approval for the Rent Review to be
enacted.
An open market rent review is permitted
3-yearly on the anniversary of lease commencement. Before this is
enacted, approval is required to approve the new rental figure
agreed.
Not to enact the uplift however this will lead
to a drop in income. Another alternative is to push for a higher
uplift, however recent lettings suggest the figure agreed is
acceptable within the current market. A push for more rent could
invariably lead to a vacancy with associated void costs as a
result.
Publication date: 20/07/2026
Date of decision: 04/12/2025
Accompanying Documents: