Decision details

Recommendation approved

Reasons for recommendation

Following lengthy negotiations with The Tenant’s Agent and correspondence with the Tenant’s Solicitor, the proposed revised terms have been provisionally agreed in conjunction with the Council’s Retail Consultants and reflect current market conditions within the Market Walk Centre in line with other leases of similar units which have recently been agreed/completed.

Other options considered and rejected

There were no other options considered and rejected as the Tenant occupies the premises on a protected Landlord and Tenant Act Tenancy and the Council has no grounds for opposing the grant of a new lease.