Faringdon Town Council has overturned its earlier decision to vacate the Corn Exchange. It has agreed to negotiate a new lease with landlords the Vale after the District Council offered new terms. These include the setting of a peppercorn rent, instead of introducing an annual rent. Although some town councillors suggested that the decision to vacate had been a negotiating tactic, Cllr Mathew Barber said he was concerned that it had caused unnecessary worry to the many local groups who had made advance bookings at the Corn Exchange.