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 type: Non-key
Decision status: Recommendations Approved
Notice of proposed decision first published: 25/11/2022
Decision due: 25 Nov 2022 by Head of Strategic Finance and Property