Purpose

The review and agree the new lease.

Content

Decision:
To grant a new 15-year lease of
124 High Street, Guildford to Positano Trading Limited on the terms
set out in Exempt Appendix 1 to this report.
 
Reason(s):
1.           
The proposed new lease represents best consideration
and provides security of income for the Council.
2.           
Granting the proposed new lease prevents additional
external agents’ and court costs being incurred from an
application to court to conclude the renewal, or costs associated
with a vacant unit should the tenant not accept any alternative
terms.
 
Other options considered and
rejected by the Executive:
None.
 
Details of any conflict of
interest declared by the Leader or lead councillors and any
dispensation granted:
None.