Decision details

Lease Renewal - Former Museum, 28 Broad Street, Stamford

Decision Maker: Cabinet Member for Housing & Property

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To seek approval for the grant of a new lease for a ten-year period for the former Stamford Museum at 28 Broad Street, Stamford. 

Decision:

That approval is granted for a new lease for a ten-year period for the former Stamford Museum at 28 Broad Street, Stamford. 

 

Reasons for the decision:

The tenant has been in occupation of the unit since 2017. Their current lease expires on 13th August 2022.

 

Following discussion between our managing agents Banks Long and the tenant, the tenant has expressed that they wish to renew their lease for a further ten years but with a break at the end of the fifth year of the Term.

 

During the period of their previous lease there has been no management issues arise and the tenant has not been in arrears.

 

The property will continue to be used as a dance studio.

 

The tenant will be responsible for internal repairs with the landlord responsible for external and structural repairs, as per the existing lease. The insurance is to be affected by the Landlord and recoverable from the tenant.

 

Should authority not be granted, the tenant could ultimately seek to refer the new lease terms to Court, in line with the provisions of the Landlord & Tenant Act 1954. 

 

Alternative options considered:

The current lease comes under the auspicious of the Landlord & Tenant Act 1954, meaning that the tenant has an automatic right to renew, other than in certain circumstances such as the owner needing the building for its own occupation, which do not apply here. 

 

Publication date: 14/06/2022

Date of decision: 13/06/2022

Effective from: 22/06/2022

Accompanying Documents: