Purpose

To consider the terms and agree the
lease.

Content

Decision:
To Approve the grant of a
five-year lease to Surrey County Council at a rent of
£142,040 per annum, subject to a mutual rolling break option
on six months prior written notice and no rent review.
 
Reason(s):
1.           
The
proposed terms represent best consideration.
2.           
The
proposed annual rent secures an income stream for the Council for 5
years and avoids vacant property costs.
3.           
The grant
of the proposed lease ensures continuity of occupation and
demonstrates effective management of the portfolio.
 
Other options considered and
rejected by the Executive:
To terminate the Tenancy at
Will that will be entered into at the expiry of the current lease
and not enter into the proposed lease, thereby leaving the property
empty for an indefinite period and costing the Council void
property costs including business rates, utility charges and
repairs and maintenance. As a partner organisation, this could
leave SCC in difficulty if no suitable alternative accommodation is
available. The tenant currently uses the office space to
accommodate teams from their Adult Social Care service.
 
Details of any conflict of
interest declared by the Leader or lead councillors and any
dispensation granted:
None.