Lease
The studios are offered initially for a term of 12 months subject to completion of a formal lease. The lease is of a standard format and a copy can be made available upon request.
Completion of a lease is subject to receipt of a fully completed application form and the timely receipt of satisfactory references.
Lease renewal
Whilst there will be no automatic right to renewal of the initial 12 month lease, it is expected that leases of up to 3 years will then be made available. This is subject to the Council's satisfaction that the tenant has operated in accordance with the terms of the previous lease and in the spirit of the centre's operation.
Repairs & decoration
Tenants will be responsible for internal repairs and decoration of their respective studios. The council will undertake all external and structural repairs and decoration to the complex space. A proportion of the cost of which will be rechargeable through the service charge provided in the lease.
Small business rate relief may be available to ratepayers and this will give 50% rate relief.
* Not currently separately assessed for rating purposes.
