1. That a
sub-lease of an area on the first floor of Maidstone House be
granted to Kent Savers.
2. That the
Property & Procurement Manager prepares draft Heads of Terms
for a sub-lease to include the following clauses, be
agreed:
·
That the term of the sub-lease does not exceed the
length of the lease between the Council and its
landlord;
·
That there will be no rent payable up to and
including 31st March 2012, or until the Credit Union is
fully established, whichever is the earlier;
·
That the rent free period is granted in
consideration of services to be provided by Kent Savers under a
Service Level Agreement;
·
That the rent payable from 1st April 2012
will be consistent with the occupational cost of Maidstone House to
the Council
·
That the sub-lease includes a break clause at the
end of the first year, every two years thereafter and one to
coincide with the break clause in the lease between the Council and
its landlord;
·
That the break clause at the end of the first year
will be triggered by the Council if Kent Savers do not fulfil their
obligations under the Service level Agreement;
·
That the sub-lease is contracted out of the Landlord
and Tenant Act 1954.
3.
That the Head of Legal Services be instructed to prepare the
sub-lease based upon the Heads of Terms prepared by the Property
& Procurement Manager.