Purpose

To partially discount the annual rent for the
first year only for Kiosk 5, in respect of the repairs and work
required to put the property in a safe and serviceable condition.
The discounted amounts have been noted in a Schedule of
Dilapidations, which has been issued to the former tenant and will
be for them to reimburse. The full market rent will become payable
after the current tenant has occupied the property for a full
year.

Content

To partially discount the annual rent for the
first year only in respect of Kiosk 5, Lower Promenade, Marine
Parade East, Clacton-on-Sea.

Alternative options considered

Option 1 - to apply the partial
discount.
Option 2 - to not apply the partial discount.