Lease extension at xxx Orchard Way, Bognor Regis, PO22 9xx
May 7, 2024 Director of Environment & Communities (Officer) Approved View on council websiteFull council record
Content
To extend the lease of the property at xxx
Orchard Way, Bognor Regis for a 90-year period, with a premium of
£3,875.00. The ground rent will be reduced to a peppercorn.
The lease and plan will be amended if necessary to correct prior
mistakes and ensure the inclusion of a mutual enforceability
covenant and modernised insurance obligations. Legal Services will
execute the necessary documentation, and costs will be recovered
accordingly.
Reasons for the decision
This decision ensures compliance with
statutory lease extension provisions and addresses the tenant's
request with appropriate modifications to the lease.
Alternative options considered
The alternative would be to reject the
tenant’s request for a lease extension, which would not be in
line with the statutory right to extend a lease under the relevant
legislation.
Details
| Outcome | Recommendations Approved |
| Decision date | 7 May 2024 |