Content

To approve the reviewed rent of the above
property leased to EDF Energy Networks (SPN) Plc, now South Eastern
Power Networks plc (UKPN).
In accordance with clause 1. (k), and The Schedule Fourth Part Rent
Review Provisions of the lease, the passing rent of £130.63pa
has been reviewed and it is proposed to increase it to
£180.25pa with effect from 28th October 2025.
The rent is to be increased upon the 5th anniversary of the
commencement date of the lease and every subsequent 5th anniversary
with reference to the increase in the RPI from a base figure, which
is the Index figure published for the month preceding the date of
the lease.
A memorandum will be endorsed on the lease recording this
review.

Reasons for the decision

To implement the terms of the lease in
reviewing the rent to ensure that the Council receives the best
consideration reasonably obtainable.

Alternative options considered

None.