Purpose

Officers received a request to assign the Lease from the current tenant of The Central Kiosk, Walton to a third party. Officers met with the potential assignee to perform identity checks and obtain all relevant documents to complete due diligence. Following completion of this and successful reference checks, officers are satisfied that the potential assignee satisfies TDC’s requirements to take on the Lease for the remainder of the term.

Decision

To complete an assignment of the current lease.

Alternative options considered

Option 1 - to grant Licence to Assign
Option 2 - not to grant Licence to Assign