Environment & Legal
The Negotiation and Signing of the New Lease with Ceredigion County Council, in the name of ATFLtd, has now been completed. The Signatories being the 'Chairman & Vice Chairman'.
'The Term' of the Lease will be 20 years, commencing on 5th July 2008.
The extended term, was negotiated to mitigate the 'Exclusion of the Landlord and Tenants Act 1954', and protect 'our' investment.
Covenants are included:-
(1) To manage the Demised Premises in accordance with the Business Plan. Provide written reports yearly, depicting progress, and implementation of the said Business Plan.
(2) Review the Business Plan, on or before every fifth anniversary of the date of the Lease.
(3) Keep in force throughout the Term, a public liability insurance policy, providing cover of at least £5 million, in respect of any one single incident of claim.
For clarification and the avoidance of doubt, in relation to the Pontoons included in the demise premises.
(a) The landlord shall remin the owner of the Pontoons.
(b) The Tenant shall have, and be responsible for the operational control of the Pontoons under the lease.
(c) The Tenant shall insure the Pontoons against damage or destruction. (Note Insurance excess £2000. )
In the course of the management of the Demised Premises, the Tenant shall be entitled to issue licences, and collect fees, in respect of the use of the 'Pontoons and other Slipways', included in the Demised Premises for the launching of 'watercraft'.
There shall be free public access at all times, for boats at the Prince Charles Quay Boating Pontoon.
The Lease is tied to Rent Review's every 5th anniversary.
July 2013, July 2018, July 2023.
The additional rent for the review period may be agreed at any time, between the Landlord and the Tenant who may each engage surveyors, and other professional persons, for the purpose of agreement.
The Lease in the name of Afon Teifi Fairways Ltd. has been registered at the HM Land Registry, in conjunction with our solicitors, George, Davies & Evans Cardigan.
To ensure ATFLtd. operate in a Legal and Professional manner. Licences have been applied for, via the Marine and Fisheries agency, and sucessfully issued.
(a) Installation of Navigation Buoys and Chains in the Teifi Estuary. This licence shall remain in force for a period of Five years, before further negotiation will be required.
(b) Carry out Maintenance of the existing navigational channel, and installation of new mooring blocks, which entails deposition of materials ''below' the MHWM. ( Deposition of material 'above' the MHWM does not require a licence, only liasion with relevant statutory bodies.
This licence shall remain in force for Three years, when futher applications will be necessary.
Further information will be added as received, and relevent.
'The Term' of the Lease will be 20 years, commencing on 5th July 2008.
The extended term, was negotiated to mitigate the 'Exclusion of the Landlord and Tenants Act 1954', and protect 'our' investment.
Covenants are included:-
(1) To manage the Demised Premises in accordance with the Business Plan. Provide written reports yearly, depicting progress, and implementation of the said Business Plan.
(2) Review the Business Plan, on or before every fifth anniversary of the date of the Lease.
(3) Keep in force throughout the Term, a public liability insurance policy, providing cover of at least £5 million, in respect of any one single incident of claim.
For clarification and the avoidance of doubt, in relation to the Pontoons included in the demise premises.
(a) The landlord shall remin the owner of the Pontoons.
(b) The Tenant shall have, and be responsible for the operational control of the Pontoons under the lease.
(c) The Tenant shall insure the Pontoons against damage or destruction. (Note Insurance excess £2000. )
In the course of the management of the Demised Premises, the Tenant shall be entitled to issue licences, and collect fees, in respect of the use of the 'Pontoons and other Slipways', included in the Demised Premises for the launching of 'watercraft'.
There shall be free public access at all times, for boats at the Prince Charles Quay Boating Pontoon.
The Lease is tied to Rent Review's every 5th anniversary.
July 2013, July 2018, July 2023.
The additional rent for the review period may be agreed at any time, between the Landlord and the Tenant who may each engage surveyors, and other professional persons, for the purpose of agreement.
The Lease in the name of Afon Teifi Fairways Ltd. has been registered at the HM Land Registry, in conjunction with our solicitors, George, Davies & Evans Cardigan.
To ensure ATFLtd. operate in a Legal and Professional manner. Licences have been applied for, via the Marine and Fisheries agency, and sucessfully issued.
(a) Installation of Navigation Buoys and Chains in the Teifi Estuary. This licence shall remain in force for a period of Five years, before further negotiation will be required.
(b) Carry out Maintenance of the existing navigational channel, and installation of new mooring blocks, which entails deposition of materials ''below' the MHWM. ( Deposition of material 'above' the MHWM does not require a licence, only liasion with relevant statutory bodies.
This licence shall remain in force for Three years, when futher applications will be necessary.
Further information will be added as received, and relevent.