URL: https://democracy.guildford.gov.uk/ieDecisionDetails.aspx?ID=4616

Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: To agree an increase in the annual rent from £37,000pa to £50,000pa from the rent review date of 12/11/24.

Content: Decision: That in relation to the lease dated 31/12/79 over 2 North Moors, Slyfield Industrial Estate, Guildford to approve an increase in the rent from £37,000 per annum to £50,000 per annum with effect from the 12 November 2024 rent review. Reason(s): The proposed settlement represents best consideration. The proposed annual rent secures an excellent increase in the annual rental income stream for the Council. Other options considered and rejected by the Executive: If the parties are unable to reach a negotiated settlement, the lease allows for the matter to be referred to a third-party independent surveyor on application to the RICS (Royal Institution of Chartered Surveyors) dispute resolution service. Such a course of action exposes the Council to significant costs and a risk that the process results in a lower rent. Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted: None.  

Date of Decision: August 14, 2025