Decision details

New Lease, 43 Elizabeth Road, Bishop's Stortford

Decision Maker: Head of Strategic Finance and Property

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

The current lease is due to expire, terms have been agreed with the existing tenant to grant a new lease which will maintain rental income until property is required for redevelopment.

Decision:

The Head of Strategic Finance and Property has decided to grant a new 3 year lease to the current tenant with landlord break option

Alternative options considered:

Option 1 - Grant a new lease to the existing tenant
Option 2 - Refuse grant of new lease and require existing tenant to vacate and re-market premises
Option 3 -

Publication date: 12/10/2022

Date of decision: 01/08/2022

Accompanying Documents: