Decision Maker: Corporate Director Planning, Growth and Sustainability
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
here are confidential appendices to this
report, which are exempt by virtue of paragraph 3 of Schedule 12A
of Part 1 of Schedule 12a of the Local
Government Act 1972 because they contain information relating to the financial or business
affairs of any particular person (including the authority holding that information).
The Council approves the completion of the rent review memorandum documenting the outstanding rent review effective on 25 March 2023
Reasons for the decision:
Carter Jonas have recommended settlement of
the rent review based on the available comparable evidence.
The terms of the rent review are in line with the market rent. The proposed rent review will generate a revenue to support delivery of the Council’s services and meeting the Council’s obligations under Section 123 of the Local Government Act 1972
Alternative options considered:
To refer the rent review for
by an arbitrator, but this would be costly with regards to the level of fees involved.
Details of any conflict of interest declared: There are no known conflicts of interest.
Contact: John Reed, Director of Property & Assets Email: John.Reed@buckinghamshire.gov.uk.
Publication date: 13/11/2023
Date of decision: 17/08/2023