Decision details

Brent Cross South Retail Park - Unit A
Lease Renewal

Decision Maker: Chief Executive

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

Unit A (“the Property”) is let on a lease expiring 17th May 2021 to Sofology Ltd.  This lease is held inside the Security of Tenure provisions of the Landlord and Tenant Act 1954 which means the tenant has an automatic right to renew on similar terms, save for the lease length and rent. Terms have been agreed for a lease renewal from expiry to 31st March 2026.

 

DECISION:

To authorise that the Chief Executive confirms and directs that the Council  completes a new 5 year lease (“New Lease”) on Unit A with Sofology Ltd to reflect the terms set out at in the attached Exempt report.

 

Publication date: 19/05/2021

Date of decision: 13/05/2021

Accompanying Documents: