Lease Arrangements - 8 - 10 Martin Square, Larkfield
(Reason: LGA 1972 - Sch 12A Paragraph 3 - Financial or business affairs of any particular person)
This report sets out proposed lease arrangements for 8 – 10 Martin Square, Larkfield for consideration.
Additional documents:
Decision:
(Reasons: Part 2 – Private: LGA 1972 Sch 12A Paragraph 3 – Financial or business affairs of any particular person)
Careful consideration was given to a proposed lease arrangement for 8-10 Martin Square, Larkfield where a new lease would be granted for the ground floor retail unit and the above maisonette surrendered to the Borough Council for use by Housing Services. Cabinet noted that terms had been agreed with the existing tenant for a lease renewal of the retail unit.
Whilst there was a requirement for the tenant to return the maisonette in a repaired and decorated condition, it was recommended that additional works be undertaken to enable the Borough Council to use the property for its own housing purposes.
Due regard was given to the financial and value for money considerations, the assessment of risk and the legal implication. Cabinet recognised that the current arrangement was out of step with modern retail operations and in recognition of improving housing options for local people and offering greater flexibility in meeting resident’s needs, Cllr Boughton proposed, Cllr Taylor seconded and Cabinet
RESOLVED: That
(1) the terms for granting a lease of 8 Martin Square (retail unit) be approved; and
(2) the maisonette at 10 Martin Square be surrendered to Tonbridge and Malling Borough Council and used for its own purposes, as detailed in the report.
Minutes:
(Decision Notice D260009CAB)
(Reasons: Part 2 – Private: LGA 1972 Sch 12A Paragraph 3 – Financial or business affairs of any particular person)
Careful consideration was given to a proposed lease arrangement for 8-10 Martin Square, Larkfield where a new lease would be granted for the ground floor retail unit and the above maisonette surrendered to the Borough Council for use by Housing Services. Cabinet noted that terms had been agreed with the existing tenant for a lease renewal of the retail unit.
Whilst there was a requirement for the tenant to return the maisonette in a repaired and decorated condition, it was recommended that additional works be undertaken to enable the Borough Council to use the property for its own housing purposes.
Due regard was given to the financial and value for money considerations, the assessment of risk and the legal implication. Cabinet recognised that the current arrangement was out of step with modern retail operations and in recognition of improving housing options for local people and offering greater flexibility in meeting resident’s needs, Cllr Boughton proposed, Cllr Taylor seconded and Cabinet
RESOLVED: That
(1) the terms for granting a lease of 8 Martin Square (retail unit) be approved; and
(2) the maisonette at 10 Martin Square be surrendered to Tonbridge and Malling Borough Council and used for its own purposes, as detailed in the report.