Issue details
Authority to invite tenders for the leaseholder property insurance services contracts
To give approval to invite the final year of a three year Leasehold Property insurance service contract as the current contract will expire on 31 October 2013. Leasehold Property insurance is specialist cover required by law; it is specified in the lease agreement between the council and the leaseholders that this cover must be provided by Brent to the lessee until they have paid-off their mortgage, covering the main structure of the building, communal areas etc not covered by the leaseholders own insurance. The cost will be included in the annual service charges to leaseholders with the aim to be self-funding and revenue neutral.
Decision type: Key
Decision status: Recommendations Approved
Wards affected: (All Wards);
Decision due: 15 Oct 2012 by Executive
Lead member: Lead Member for Resources
Lead director: Director of Finance and Corporate Services
Department: Finance and Corporate Services
Contact: Mick Bowden, Operational Director, Finance Email: mick.bowden@brent.gov.uk Tel: 020 8937 1460.
Decisions
Agenda items