Issue - decisions
Lease renewal in respect of Unit 21/22, 2-4 Trinity Square, Maylord Orchards Centre, Hereford
25/04/2024 - Lease renewal in respect of Unit 21/22, 2-4 Trinity Square, Maylord Orchards Centre, Hereford
1. The tenant’s previous lease has
expired and they are currently holding over as their lease is
contracted inside the Landlord and Tenant Act 1954. The tenant has
subsequently served a section 26 notice requesting a new
tenancy.
2. The 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.
3. The Council’s external agent for the centre Wright
Silverwood has recommended the action.
4. The Terms agreed leave the Tenant responsible for payment of the
rent, landlord Service Charge, business rates, insurance, utilities
and internal repairs.
5. The lease renewal proposed will not prohibit the council from
undertaking development at a future date if planned.