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Decision details

The Studios Estate, Borehamwood

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decisions:

Decision that a new lease be granted to the existing lessee, Places for People, in respect of 55 houses and flats known as The Studios Estate, Borehamwood as detailed in Report EX/18/39.

 

Reasons for the Decision

 

The lease, currently vested in Places for People, had expired and new terms had been negotiated with the head lessee. 

 

The decision would enable the Council to maintain 100% nomination rights on these social housing properties for another 25 years.  It would also enable the company to make investment to carry out substantial upgrades to the properties.

 

Alternative Options Considered and Rejected

 

The decision could have been made to directly manage the tenancies, for example through the Local Liability Partnership when set up.  However, since the Council was not currently resourced to do so and did not have the means or capacity to manage the allocations process, the costs would outweigh any potential increase in income.  This option was therefore not supported.

 

(Action:  Property Services Manager)

 

 

Report author: S Payton

Publication date: 03/07/2018

Date of decision: 16/05/2018

Decided at meeting: 16/05/2018 - Executive

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