Content

To approve the reviewed rent of the above
property leased to South Eastern Power Networks plc (UKPN).

In accordance with the provisions of clause 5 of the lease dated 25
March 2014, the passing rent of £392pa has been reviewed, and
it is proposed to increase it to £520pa with effect from 1st
January 2024.

The rent is to be increased at 5 yearly intervals with reference to
the Retail Price Index (RPI). The RPI calculation is to be carried
out at the end of the year 2023 to establish the amount of rent
payable with effect from the 1st January 2024.

A memorandum will be endorsed on the lease recording this
review.