Decision details

Revision in rent of the Lease dated 25/6/81 of Protech Lysons Avenue Ash Vale leased to Kenneth David Buckman.

Decision Maker: Assistant Director: Assets and Property

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

To approve the reviewed rent of the above property leased to Kenneth David Buckman.

In accordance with the first schedule of the lease, the annual passing rent of £29,900 has been reviewed as at 31/7/22 and it is proposed to increase it to £34,000.

This accords with the available comparable evidence bearing in mind the terms of the lease. Our consultant recommends the matter is concluded after a period of negotiation.

A memorandum will be endorsed on the lease recording this review.

If you have any queries, then please contact Charles Wood who will be happy to provide further information.

Reasons for the decision:

To comply with the lease terms and in accordance with sound estate management practice.

Alternative options considered:

The decision meets the statutory requirements for the Council and there were no alternative options available

Source of Authority to take Decision:

Council’s 13/6/2024 Constitution Part 3, Page 3-63 Para 4(a), Executive Head: Assets and Property in relation to the Council’s land and premises leased or licenced to others and in consultation with the appropriate lead Councillor and relevant Director:

To approve revisions in rent

Publication date: 10/07/2024

Date of decision: 10/07/2024