Lease Extension for xxxx Orchard Way, Bognor Regis, PO22 xxx
July 15, 2024 Director of Environment & Communities (Officer) Approved View on council websiteFull 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
| Outcome | Recommendations Approved |
| Decision date | 15 Jul 2024 |