Temporary accommodation lease opportunities
November 17, 2025 Deputy Leader of the Council (Housing, Investment and New Homes) (Cabinet member) Key decision 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
The Deputy Leader of the Council (Housing, Investment and New Homes) approved recommendations on 17/11/2025. Authority was delegated to the Corporate Director of Housing to enter into underleases for five properties in Streatham, providing 30 studio spaces for temporary accommodation. This agreement will operate for ten years plus a day at a starting annual cost of £508,591, resulting in an overall cost of £5,830,428 and a cost reduction of £3,420,528.
Full council record
Purpose
Decision required to enter into a lease
opportunity located outside of borough for use for temporary
accommodation.
Decision
To delegate authority to the
Corporate Director of Housing, in consultation with the Deputy
Leader of the Council (Housing, Investment and New Homes) and the
Corporate Director of Finance, to enter into Agreement for
underleases and associated Full Repairing and Insuring (FRI)
underleases of five properties situated in Streatham, providing 30
studio spaces at a starting annual cost of £508,591. This is
expected to occur in November 2025 and operate for ten years plus a
day. This will be an overall cost of £5,830,428 and a cost
reduction of £3,420,528.
Details
| Outcome | Recommendations Approved |
| Decision date | 17 Nov 2025 |
| Subject to call-in | Yes |