Decision details

Corporate Property Leasehold Policy

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


To consider adopting an NNC policy.






That the Executive approved the Corporate Property Leasehold Policy at Appendix A of the report for adoption.



Reasons for Recommendations:


i)        The Council has fiduciary responsibilities to ensure all leasehold agreements it enters represent value for money. The Corporate Property Leasehold Policy supports this outcome.


ii)       Progressing leasehold transactions in a co-ordinated way will contribute to the Corporate Plan and the commitment to be carbon neutral by 2030.


iii)      The Corporate Property Leasehold Policy supports a timely and professional process, which will help manage costs and assist the Council to achieve income targets from its commercial estate.


iv)     The Policy supports centralised current record keeping; a requirement of the constitution.


Alternative Options Considered: The Council could choose not to adopt a co-ordinated leasehold policy, but this would lead to uncertainty and increased risks of agreements being entered into without full consideration.


Publication date: 16/11/2023

Date of decision: 16/11/2023

Decided at meeting: 16/11/2023 - Executive

Effective from: 24/11/2023

Accompanying Documents: