Lease Extension for xxxx Orchard Way, Bognor Regis, PO22 xxx

July 15, 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 xxxx Orchard Way,
relating to the estate of the late xxx.

A premium of £5,250 has been agreed, along with a payment of
£1,000 to cover legal fees.

Reasons for the decision

The lease extension request has been made in
accordance with the Council’s leasehold management
responsibilities.

The agreed premium and fees ensure appropriate financial return to
the Council under the Housing Revenue Account.

Alternative options considered

No alternative options were considered, as the
lease extension is a standard legal and financial
transaction.

Details

OutcomeRecommendations Approved
Decision date15 Jul 2024