Decision details
Decision Maker: Corporate Director Planning, Growth and Sustainability
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision:
To issue a renewed lease agreement for an
additional term to the current tenant of the holding
Reasons for the decision:
The existing tenant has kept the land and
stables in a good state of repair and condition. Renewing the lease
for a further term ensures the property / land is maintained.
The terms of the lease renewal are in line with the market. The
proposed lease renewal 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 1954.
Renewing the lease with continued occupation also prevents the
Council incurring marketing fees and costs associated with vacant
property.
Alternative options considered:
Other options available, and their pros and
cons: To not renew the lease to the existing tenant but market the
property to find an alternative occupier. This option would incur
further fees in marketing, costs associated with a vacant property
and loss of income over a void period which would be expected. This
was therefore not considered as an option.
Wards Affected: Ridgeway East;
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: 24/10/2022
Date of decision: 05/10/2022