Decision details
Lease for Kent Savers
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To consider a sub-lease of an area of office space within Maidstone House to Kent Savers.
Decision:
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.
Details of the Committee: None
Contact: Email: davidtibbit@maidstone.gov.uk.
Report author: David Tibbit
Publication date: 07/01/2011
Date of decision: 07/01/2011
Decided: 07/01/2011 - Cabinet Member for Corporate Services (Cttee)
Effective from: 15/01/2011
Accompanying Documents: