Approval of new leases, licences, tenancies and associated legal agreements in respect of vacant properties held within the council’s commercial property investment portfolio
November 20, 2025 Commercial and Investment Manager (Officer) Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...to approve the grant of new leases, licences, or tenancies at will, and associated legal agreements, including Rent Deposit Deeds, for properties identified in Schedule 1, based on the terms negotiated and recommended by the council's appointed agents.
Full council record
Decision
The council owns a property investment
portfolio held to deliver optimum commercial returns through rental
income that is used to support the council’s strategic
objectives in line with the county plan 2020 – 2024.
The Council has appointed agents to achieve new lettings in respect
of vacant units.
The agents have openly marketed the units and following
negotiations with prospective tenants make fully justified
recommendations as to the terms of the agreements and the level of
rent to be agreed that reflect the current market conditions.
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 20 Nov 2025 |