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: