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Approval granted for Legal Services to execute
a Lease Extension of 90 years for the property at xxx Pevensey
Road.

The agreed premium is £5,250, with an additional payment of
£1,000 to cover legal fees.

Reasons for the decision

The leaseholder has requested a lease
extension.

The agreed terms reflect 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.