Decision

To authorise Legal Services to execute a 90-year lease extension in respect of xx Berghestede Road, Bognor Regis, PO22 xxx for Mr xxx and Mr xxx. The agreed premium for the lease extension is £3,680 together with legal fees of £1,500.

Reasons for the decision

A request was received from the leaseholders to extend the lease on the property. Terms were agreed for a 90-year lease extension and authority was required for Legal Services to complete the necessary legal documentation and transaction.

Alternative options considered

• Refuse the lease extension request.
• Delay completion of the lease extension.
• Seek to renegotiate the agreed terms.

These options were rejected as terms had been agreed and the lease extension is consistent with the council's leasehold management arrangements.