[2025] UKUT 00291 (LC)

The Property is occupied on a full repairing and insuring lease for a term of 15 years from 1 August 2022. The rent is £17,000 per annum and there was no rent free period or any other form of rental concession. The landlord is the London Borough of Lambeth. A copy of the lease was included in Mr Mak’s report.

At the hearing Ms Xiaoli said that she had taken an assignment of an existing lease for the Property in 2014 and at that time the lease had an unexpired term of 5 years. The rent had been adjusted to £16,100 per annum in 2019. When a new lease was granted in 2022 she accepted the rent proposed by the London Borough of Lambeth. She had not been professionally advised in relation to these transactions.