Lease renewals are a vital part of a publican’s business development, but procedures under the Landlord and Tenant Act are fraught with potential problems and shouldn’t be embarked on without the benefit of professional advice.
Controversy has stalked the pubs code at every stage. But one of the most confusing elements is licensees’ access to the market-rent-only (MRO) option. Here, we look at how this part of the legislation is progressing, or not, in some cases.
Your knowledge of the pub business and how much money you have to spend are key factors in deciding whether you come into the trade on a tenancy, lease or a freehold. It is crucial to get it right first time
Property valuers believe licensees think their pubs are worth more than they actually are, the market is less buoyant than a year ago and almost all say leasehold prices will not increase in the coming 12 months.
A Yorkshire pub that has opened a village shop and a bakery in its bar, thanks to Pub is The Hub, has been hailed by Jake Berry MP because it has enabled him to buy an Italian aubergine – "possibly one of the most unusual items to be found in a pub...