Decision Maker: Joint Executive Head: Assets and Property
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
To approve the variation of the Contracted-Out
Lease to Academy of Contemporary Music over The Electric Theatre,
dated 22.6.17 in line with the following terms and
conditions:
The proposed variation is in relation to the aforementioned lease,
where the Council has agreed with the tenant that an additional
break option can be agreed, as at the expiry of the eleventh (11th)
year of the Term, on 12 months prior written notice. No further
variations other than this are approved by signature of this
DA.
If you have any queries, then please contact Mark Appleton who will
be happy to provide further information.
To allow the Council the option of break the
lease, should any part of the demise be required for Shaping
Guildford’s Future.
The decision meets the policy requirements for
the Council and there were no alternative options
available
Publication date: 07/07/2022
Date of decision: 15/06/2022
Effective from: 15/07/2022