Decision details

The Council granted a lease of some land at Northside
Court on 21 September 2004 to a Housing Association to
construct a development of affordable housing. Some of
those properties were leased on shared ownership terms.
The Council and the current Registered leasehold owner
Vivid Housing Ltd, are entering into the transfer,
whereupon the Headlease will merge
into the freehold being transferred. The Council will be receiving a renumeration from the sale.

To end the council's responsibility for the freehold and future costs and management obligations. To enable a simpler management arrangement for leaseholders.

Extension of the head lease arrangement was considered but transfer of freehold was the preferred option.

2.3.4 To dispose of land and buildings, whether
leasehold, freehold or shared ownership held in the
Housing Revenue Account: (1) up to 0.2 hectares in
area or; (2) where the council is statutorily obliged to
dispose in accordance with relevant legislation,
(including if a Key Decision).
(a) the Council to receive best consideration, where
required. (b) the purchaser must pay all the Council’s
costs in relation to the sale, where permitted.