XN000022-1974-02-18 — Page 2

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Monday, February 18, 1974

NEW DEAL FOR ESTATE SHOP TENANTS

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The Housing Authority has agreed to continue allowing shop

operators on monthly tenancies in the 25 Group B estates to transfer

their tenancies. This will apply equally to incoming tenants as well

as the sitting tenants.

This decision was taken after extensive consultations between

the Authority and the government..

However, to remove any possible scope for irregularities, all

such transfers must be made by surrendering the tenancy to the Authority,

which will then re-let the premises by inviting public tenders through

advertisements. The re-letting premium will go to the outgoing tenant.

At the same time the Authority has confirmed that a simple fixed

tenancy agreement, similar to the existing tenancy card, should be signed

by the shop tenants. The new agreement will incorporate these arrangements,

and also the previously agreed terms' covering change of trade, succession

and inheritance.

To allay tenants' fears about loss of security, the new agreement

will not be for a fixed term as originally proposed, but on monthly terms,

continuing in force indefinitely.

There will, however, be provision for rent adjustments at appropriate

intervals and for termination if there are persistent and blatant breaches

of the tenancy conditions.

/A Housing