Decision details
To accept the early surrender of leases in respect of properties held within the council’s Commercial Investment Portfolio
Decision Maker: Acting Head of Property (Historic)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
Tenants have approached the council asking to
surrender leases of properties were they have ceased to trade due
to loss of business. Where it is deemed unlikely that the tenant
will be unable or is unlikely to take any other action to mitigate
their liability without accruing significant rent arrears it is in
the interest of good estate management to take an early surrender.
Doing so avoids the council expense in devoting resources to
pursuing increased rent arrears or a delay in re-letting the units
and the council receiving a rental income
Contact: Sarah Jowett, Strategic Assets Delivery Director Email: Sarah.Jowett@herefordshire.gov.uk Tel: 01432 383302.
Publication date: 13/07/2023
Date of decision: 13/07/2023
Accompanying Documents: