Lease Extension for xx Glamis Court, Glamis Street, Bognor Regis, PO21 xxx

July 16, 2024 Director of Environment & Communities (Officer) Approved View on council website
Full council record
Content

Approval granted for Legal Services to execute
a Lease Extension of 90 years for the property at xx Glamis
Court.

The agreed premium is £3,250, with an additional payment of
£1,000 to cover legal fees.

Reasons for the decision

The leaseholders—xxx, xxx, and
xxx—have requested a lease extension.

The terms agreed represent the highest premium offered and ensure
the Council receives appropriate compensation for the extension, in
line with its responsibilities under the Housing Revenue
Account.

Alternative options considered

No alternative options were considered, as the
lease extension is a standard legal and financial transaction under
the Council’s leasehold management
responsibilities.

Details

OutcomeRecommendations Approved
Decision date16 Jul 2024