Issue details
To accept the early surrender of leases in respect of properties held within the council’s Commercial Investment Portfolio
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
Decision type: Non-key
Decision status: Recommendations Approved
Notice of proposed decision first published: 13/07/2023
Decision due: 13 July 2023 by Acting Head of Property (Historic)
Contact: Sarah Jowett, Strategic Assets Delivery Director Email: Sarah.Jowett@herefordshire.gov.uk Tel: 01432 383302.
Decisions