Decision

There are confidential appendices to this report, which are exempt by virtue of paragraph 3 of Schedule 12A of Part 1 of Schedule 12a of the Local Government Act 1972 because they contain information relating to the financial or business affairs of any particular person (including the authority holding that information)

To approve the terms and complete a lease renewal at Knaves Beech

Reasons for the decision

The terms of the lease renewal are in line with the market. The proposed lease renewal will generate a revenue to support delivery of the Council’s services and meeting the Council’s obligations under Section 123 of the Local Government Act 1972.

Alternative options considered

Not complete the lease renewal
Benefit: None
Disbenefit: Should the tenant vacate, this would result in loss of income and Council liability for void property
costs