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To approve the reviewed rent of the above
property leased to Hanbo Li

In accordance with the terms of the lease, the annual passing rent
of £16,000 has been reviewed to open market value (OMV)

Based on the OMV, it is proposed that the rent be increased to
£19,000 per annum as at 8th Sep 2023.

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

If you have any queries, then please contact Jacqueline Stewart who
will be happy to provide further information.