Decision Maker: Head of Strategic Finance and Property
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
The current tenant and guarantor are both
suffering poor health and wish to assign the lease to a current
employee who will take over the existing business. The proposed
assignee will be backed by a new guarantor. The lease is for a
short term expiring in July 2025.
Delegated Authority is contained in Section 10 Paragraph 10.13.16
Lettings of all properties including council offices; consents to
assignments and sub-lettings; the granting of easements and
licences; entering into leases, sub-leases, licences and easements
on behalf of the council as lessee, sub-lessee, licensee or grantee
as appropriate; consent to modification or release of restrictive
covenants; rent reviews under existing and future leases, including
the approval terms, subject to reporting transactions half-yearly
to the Executive.
The Head of Strategic Finance and Property
acting under delegated authority contained in Section 10 Paragraph
10.13.16 of the Council's Constitution has decided to permit an
assignment of the lease to the individual named in the
report.
Option 1 - Grant consent to assign to tenant's
employee
Option 2 - Refuse consent to assign to tenant's employee
Option 3 -
Publication date: 25/11/2022
Date of decision: 25/11/2022
Accompanying Documents: