Purpose

1. The tenant’s previous lease has
expired.
2. The tenant’s current occupation needs to be regularized
whilst a new lease is negotiated.
3. The Shopping centre comprises multiple retail units, some of
which have been vacant for some time and it is important that
occupation levels are maximized so that the holding costs incurred
by the Council are mitigated.
4. The Council’s external solicitor for the centre Browne
Jacobsen has recommended the action.
5. The Terms agreed leave the Tenant responsible for payment of the
rent, landlord Service Charge, business rates, insurance, utilities
and internal repairs.
6. The tenancy at will proposed will not prohibit the council from
undertaking development at a future date if planned.