Decision details

Lease Assignment, 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 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.

Decision:

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.

Alternative options considered:

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

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