1. The tenant’s current lease of Unit 34 Maylord Orchards Centre will expire on 14th January 2024 so the continued occupation needs to be regularized.
2. The Tenancy at Will will be put in place until a new lease is negotiated.
3. Maylord Orchards Centre comprises multiple retail units, some of which have been vacant for some time and it is important that occupation levels are maximized so that the holding costs incurred by the Council are mitigated.
4. The Council’s external agent for the Centre Wright Silverwood has recommended the action.
5. The Terms agreed leave the Tenant responsible for payment of the rent, landlord Service Charge, business rates, insurance, utilities and internal repairs.