The tenant has negotiated a deal to take the currently vacant, Unit 17 Maylord Orchards Centre on a tenancy at will.
The tenant’s current license has expired so a tenancy at will is required to regularise their continued occupation whilst a new lease is negotiated.
The Centre comprises multiple units, some of which have been vacant for some time and it is important that occupation levels are maximised so that the holding costs incurred by the Council are mitigated.
The Council’s external agent for the Centre Wright Silverwood has recommended the action.
The Terms agreed leave the Tenant responsible for payment of the rent, landlord Service Charge, business rates, insurance, utilities and internal repairs.