Lease

Wigham:

Wigham: And the latest fashion is... beat up the big guy

By Paul Wigham

It seems that big is not beautiful any more. At the time of writing, Barclays is going through the wringer for wrongful London interbank offered rate (LIBOR) manipulation and mis-selling financial instruments, with casualties including the chief executive...

Why I’m calling time on (part of) the trade

Why I’m calling time on (part of) the trade

By Michael Kheng

For those who follow Kurnia Licensing on Twitter and Facebook you will already be aware of my plans to exit the retail side of the industry.  Over the past few years I have reduced the estate down to four outlets — three freeholds and one leasehold.

Davey has come under fire

BIS: Davey refutes "sell-out" accusations

Business minister Ed Davey has flatly refused accusations from pubco critics that he’s a “sell out” for his decision not to implement a statutory code of practice governing pub company/tenant relationships.

David Elliott: 'Get the right licensee in place'

'Pantogate' saga masks BISC inquiry issues

By David Elliott

Interesting comments last week from Ted Tuppen regarding the Business, Innovation & Skills Committee inquiry (BISC). While calling the process a ‘political pantomime’ was probably going too far, this one-liner has led to a lot of unnecessary objections...

BBPA: deeply disappointed

BISC: BBPA claims statutory code will close more pubs

By Ewan Turney

The British Beer and Pub Association has hit back at the Business, Innovation and Skills Committee, claiming its recommendations for a statutory code of practice will lead to more pub closures.

Mulholland: wants action on pubcos

Enterprise defends tenants’ treatment

Enterprise Inns has defended its treatment of tenants after new figures show 17 of the 30 “serious” licensee complaints against pubcos to a group of MPs were from Enterprise tenants.

Coulson: pub leases are complex

Take advice on your lease

By Peter Coulson

Professional advice is an essential requirement when looking to take on a pub lease, says Peter Coulson.

Tuppen: move would help defuse tensions between landlord and tenant

Tuppen in plea to pubcos

By John Harrington and Michelle Perrett

Enterprise chief Ted Tuppen has promised to "push even harder" to encourage other pubcos to insist that anyone signing a lease or tenancy has taken...

Some tenants are campaigning for a break in the beer tie

FPB: pubcos holding tenants to ransom

By Michelle Perrett

The Forum of Private Business (FPB) has called for stronger regulation of the pub trade claiming pubcos are holding tenants to ransom.

Ball: insist on using codes

'Hold pubcos to what they say on codes'

By Gurjit Degun

Licensees have been urged to read their pubco codes of practice and "hold pubcos to what they say" — that's the view of Nigel Ball, senior director...

Findlay: Retail Agreement is key to success

Marston's tenants back Retail Agreement

By John Harrington, M&C Report

Nine out of 10 (93%) Marston's tenants signed up to its new quasi-franchise Retail Agreement would recommend the deal to others.

RPI rents: can leave licensees with a headache

RPI leases: get your maths right

By Daniel Mackernan

The pubcos have increasingly introduced RPI leases, but tenants need to take an appropriate view on the initial rent, argues Daniel Mackernan of...

Illusions: just one bar left

Illusions Magic Bars down to one site

By John Harrington, M&C Report

Illusions Magic Bars, the operator of magic bars, has been forced to close its Manchester venue after the landlord declined to renew the lease....

Whittle: wants to see terms brought back

Move to cut pub inventory disputes

By Gurjit Degun

Disputes between tenants and pub companies about inventories could be reduced thanks to a new procedure agreed by more than 100 pub property valuers....

Beaumont: tape-record BDM meetings

Advice is key to pub rent-cut success

By Chris Beaumont

Chris Beaumont, Enterprise lessee of the Greys in Brighton, tells how he secured a £6,250 rent reduction. His advice? Seek professional help.

Charity: pub world is changing

The freehold option lifeline

By The PMA Team

A freehold option lease could unlock the potential in struggling pubs — attracting high-quality licensees who will invest, says The PMA Team,

Longden: welcomes flexibility

43-strong community group take on Punch pub

By Gurjit Degun

A Punch leased pub in Lincolnshire has been taken on by 43 members of a local community committed to keeping their local pub running. The Cherry...

Campaigning: Fair Pint focuses on freeholds

Tenant buy-out plan for Enterprise pubs

By John Harrington

A high-profile Enterprise lessee whose pub is up for auction is examining plans for a mass tenant buy-out of their pubs by the pubco's licensees.

Pub prices: falling

Freehold pub value down 22% on last year

By Gurjit Degun

The price of freehold pubs has fallen 22% year-on-year, with sites flooding the market as pubco disposals continue. About a quarter (26%) of these...

Bilton: in partnership with head chef

MA winner Bilton takes on second pub

By Lesley Foottit

TV chef Tim Bilton has gone into partnership with his head chef to take on another West Yorkshire pub. Bilton, owner of the Butchers Arms at...

Morgan: positive outlook for industry

Practice can make our trade perfect

By Neil Morgan

The Pub Industry Framework Code of Practice has made me optimistic that the future of this industry is on firmer footing, says Neil Morgan.

Blue Anchor: up for grabs

CCT Group pubs up for sale

By Gemma McKenna

Five wet-led pubs formerly operated by CCT Group, which went into administration last week, are being sold through Christie + Co.

BII training: for trade newcomers

Online course for trade newcomers

By Ewan Turney

New entrants to the pub trade will now have to undertake a two-hour course to ensure they understand the complexities of the leased model.

Darby: non-RPI lease gives tenants confidence

Marston's rips up RPI rents

By The PMA Team

Marston's has decided to scrap RPI rent increases in its new lease on the basis that they create too much rent uncertainty for licensees..

Punch: still challenging times

Punch Taverns: profits down 18%

By Ewan Turney

Profit at tenanted and managed pub operator Punch Taverns dropped 18% for the 28 weeks to 6 March on last year as it warned conditions remained...

Mercury Inns: suffered at two leasehold sites

Mercury collapse links to pub losses

By The PMA Team

The collapse of highly-rated Mercury Inns last November has been linked to large losses at two leasehold pubs — one tied and one free-of-tie — by...