To agree to take a surrender of the Tenant’s long-term lease and in doing so immediately acquire the Landlord’s reversionary interest in the Property
• The Tenant holds the Property under a Full Repairing Lease
• The building has a number of major defects to the fabric of the building, some arising through the use of certain repair methods which are considered inappropriate given the specialized style of building construction employed at the Property
• There is a lack of evidence that the required statutory compliance checks have been completed, and therefore a lack of certainty that the utilities, operating systems, and relevant building registers have been maintained in accordance with published requirements
• The Tenant has no resources to undertake the urgent remedial works to safeguard the future of the Property or to ensure relevant compliance standards are met.
• The acquisition of the reversionary interest in the property is at nil cost to the Landlord, Herefordshire Council.
• Through this process, the Landlord will be better placed to review and establish an appropriate plan of action for the future of this well-used community facility in Tuplsey
• As part of the surrender, the Tenant will be supported in its efforts to create a temporary Community facility nearby.