Purpose

To obtain the approval of the Corporate Director to the terms associated with the granting of a new lease in respect of 26 Hilltop Crescent, Weeley, a former Council owned property, in accordance with the Council’s statutory obligations under the Leasehold Reform, Housing and Urban Development Act 1993.

Decision

That the Corporate Director (Operations and Delivery), in consultation with Legal Services, authorises the formalising of this lease extension subject to such other terms as considered necessary.

Alternative options considered

Option 1 - To agree the terms in connection with the extension of this lease agreement.
Option 2 - Not to agree to these terms. If the Council failed to grant a new lease via the statutory route, the leaseholder could apply to the Court for an order granting a new lease. These could result in a loss for the Council in terms of the premium payable for the new lease as well as increased administrative and legal costs in dealing with the application.