Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: January 29, 2025

Purpose: To agree the terms of leases with private landlords for 10 years in length, on properties to be used for temporary accommodation.

Content: Agreed the model Heads of Terms and business plan parameters, as set out in exempt Appendix One of this report, for a ten-year lease to be offered to residential landlords for the acquisition of accommodation to house homeless households requiring temporary accommodation.      Noted that the potential rent payable under each lease acquisition may generate an annual financial deficit, to be funded from the General Fund (GF).  The proposal aims to deliver a GF cost reduction, reducing the current TA budget pressures.       Noted that some properties acquired on a ten-year lease may be located outside of the borough.   Noted the process mapping for the delivery of this initiative, as set out in Appendix Two of this report.   Delegated authority to the Director of Place and Growth to negotiate and agree the details of each lease agreement.   Agreed to treat the information contained in the Exempt Appendix One to this report as exempt information in accordance with the provisions of paragraph 3 of Schedule 12A to the Local Government Act 1972 (as amended) (information relating to the financial or business affairs of any particular person including the authority holding that information). To agree that this exempt information contained in the Exempt Appendix One shall not be released to the press or public.