Acquisition of Leasehold Property
August 21, 2026 Corporate Director: Housing (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
The Corporate Director: Housing decided to approve the acquisition of leasehold property for £411,000, with associated costs up to £450,000, to be completed by 31 December 2026. The decision was recorded as "For consultation" on 21 August 2026. The decision included approving a capital budget of £450,000 for the purchase, funded from regeneration land receipts.
Full council record
Decision
- To purchase the leasehold property for £411,000 (including home loss and ex-gratia payments), plus associated costs to a total of up to £450,000, with the acquisition to be completed no later than 31 December 2026.
- To approve the capital budget of £450,000 to purchase this leasehold interest which would ultimately be funded from the land receipt generated from the regeneration of the estate.
Details
| Reference | Call-ins |
| Outcome | Recommendations Approved |
| Decision date | 21 Aug 2026 |