Purpose

To enable the granting of a new lease for 12 Wollaton Avenue to The Ark Gedling CIO.

Decision

To approve the granting of a new lease for 12 Wollaton Avenue to The Ark Gedling CIO.

Reasons for the decision

New Lease approval.

Alternative options considered

An alternative would be to not agree a new lease to the proposed tenant. However, they are holding over so it would mean they would continue to occupy with an expired agreement with further legal costs and time needed to remedy this. If the unit were to become void, it is likely to require substantial work and time to find a new tenant.