Lease

Pub tenants warned to keep an eye on rent review dates

01-Aug-2012 By Gurjit Degun

Pub tenants should keep a closer eye on rent review dates, or face paying a higher rent for a longer period than they should — that’s the warning from licensing surveyor Morgan & Clarke.

Greene King launches new tenancy agreements aimed at attracting fresh talent

26-Jul-2012 By John Harrington

Greene King, the brewer and pub operator, is to launch two new tenancy agreements aimed at encouraging “highly talented” entrants to enter the trade, and giving cash incentives for good retail performance.

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

18-Jul-2012 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...

Indigo Leisure takes on the Hop Poles in Brighton after previous licensees offer to "bury the hatchet" with Greene King

08-Jun-2012 By Michelle Perrett

Greene King will re-open the doors of the Hop Holes pub in Brighton under new management on 20 June, despite two former licensees expressing an interest in taking back the leasehold of the premises.

Pub lease lengths are decreasing say property agents

15-May-2012 By Gurjit Degun

Pub property agents agree with new research showing that lease lengths have decreased, with fewer people wanting to take on 20 to 30-year leases.

Tadcaster converts four tenanted pubs to managed

04-May-2012

Tadcaster Pub Company, the northern England-based pub operator, has revealed that it has converted four of its tenanted pubs to managed and is looking to convert two more sites in the near future.

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

23-Mar-2012 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.

BIS: Davey refutes "sell-out" accusations

29-Nov-2011

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.

'Pantogate' saga masks BISC inquiry issues

24-Nov-2011 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...

BISC: BBPA claims statutory code will close more pubs

20-Sep-2011 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.

Fair Pinters launch new business to help pubco tenants

20-Sep-2011 By Ewan Turney

Two key members of the anti-beer tie Fair Pint campaign — David Morgan and Simon Clarke — have joined forces to launch a new business to help secure better deals for tenants.

Enterprise defends tenants’ treatment

02-Sep-2011

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.

Take advice on your lease

22-Aug-2011 By Peter Coulson

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

Tuppen in plea to pubcos

11-Aug-2011 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...

Family brewers share the pain as well as the gain

10-Aug-2011 By Bob Feal-Martinez

In the end most of us won't be millionaires, but that doesn't mean the entire industry needs to change, writes Bob Feal-Martinez.

FPB: pubcos holding tenants to ransom

04-Aug-2011 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.

'Hold pubcos to what they say on codes'

20-Jul-2011 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...

View from the Summit - A lessee's personal opinion

29-Jun-2011 By Gerry Price

Enterprise Inns long-serving lessee Gerry Price shares his views on yesterday's Tenanted Pub Company Summit.

Brook Leisure plans casino

20-Jun-2011 By Mark Wingett, M&C Report

Brook Leisure has submitted plans to develop a leisure scheme on the site of the former National Union of Mineworkers' in Sheffield.

Marston's tenants back Retail Agreement

31-May-2011 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 leases: get your maths right

20-May-2011 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...

Move to cut pub inventory disputes

04-Mar-2011 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....

Fair Pint pushes for free-of-tie lease option

03-Mar-2011 By Lesley Foottit

Anti-beer tie lobby group Fair Pint has written an open letter to BII chief Neil Robertson urging a free-of-tie option, combined with an open market...

Property Law: Rent deposits

24-Feb-2011

When considering granting a lease to a prospective tenant, a landlord will naturally wish to consider the financial strength of the tenant and to...

Expert warns over lease surrender spike

14-Feb-2011 By Ewan Turney

A chartered surveyor has urged tenants thinking of surrendering their lease not to make a snap decision and hand the keys back.

Advice is key to pub rent-cut success

28-Jan-2011 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.

The freehold option lifeline

20-Jan-2011 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,

Grant Thornton hands keys back on 27 Pubs 'n' Bars leases

06-Jan-2011 By The PMA Team

Administrator Grant Thornton has reported that a total of 27 leasehold pubs formerly run by Pubs 'n' Bars have been surrendered to their respective...

43-strong community group take on Punch pub

06-Jan-2011 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...

Tenant buy-out plan for Enterprise pubs

24-Dec-2010 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.

Freehold pub value down 22% on last year

08-Dec-2010 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...

MA winner Bilton takes on second pub

03-Dec-2010 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...

GK boss: tenanted sector faces structural challenge

03-Dec-2010 By The PMA Team

Greene King boss Rooney Anand has issued a stark warning about the structural challenge facing the leased and tenanted pub sector. He said: "There...

Property Law: Is your public house a house?

18-Nov-2010

Subject to meeting relevant criteria under the Leasehold Reform Act 1967 a leaseholder may be able to forcefully acquire the freehold of his/her pub....

Employment Law: Transfer trouble

08-Nov-2010

An empty pub means no revenue from rent, premises potentially vulnerable to vandalism, and ownership of an uninsurable asset which may be...

Practice can make our trade perfect

28-Jul-2010 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.

Online course for trade newcomers

01-Jul-2010 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.

Property law: Heads of terms (HOT) - don't lose your head

24-Jun-2010

Clear and well thought-out heads of terms (HOTs) are crucial to the smooth running of any pub lease negotiations, so what should you be looking out...

Marston's rips up RPI rents

17-Jun-2010 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..

Marston's: new leases will raise pub appeal

20-May-2010 By Ewan Turney

Marston's believes its new lease agreements will help raise the consumer appeal of its pubs and represented a positive reaction to on-going...

A boycott of pubcos would yield results

28-Apr-2010 By Jay Smith

The best way to wake up the pubcos is to stop signing leases, says TV star and licensee Jay Smith.

Punch Taverns: profits down 18%

22-Apr-2010 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...

Enterprise Inns slams 'sinister' GMB activity

05-Mar-2010 By The PMA Team

Enterprise Inns has slammed the "sinister" activities of the GMB union in a letter to the Business Skills and Innovation Committee.

Pubco power inquiry: recommendations

04-Mar-2010 By Gemma McKenna

Summary of all the recommendations made by the Business Skills and Innovation Committee inquiry into pubco power.

Mercury collapse links to pub losses

25-Feb-2010 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...

Marston's: beer tie not the problem

22-Feb-2010 By Ewan Turney

The beer tie is not the problem for our tenants, Marston's chief executive Ralph Findlay said today. Speaking to The Times, Findlay admitted that...

Fuller's recruitment manager is new Punch tenant

18-Feb-2010 By Gemma McKenna

Fuller's recruitment manager Louise Lawler has been recruited herself, this time by Punch Taverns. Lawler, former tenanted and leased recruitment...

Enterprise Inns puts more pubs in sale and leaseback auction

16-Feb-2010 By Hamish Champ

Enterprise Inns is hoping to raise more than £12m next month when it sells and leases back another eight London pubs. The latest auction is being...

Punch warns licensees to "think carefully" before taking industrial action

04-Jan-2010 By Hamish Champ

Punch Taverns has warned its lessees to "think carefully" before signing up to the GMB's call for tied tenants to take industrial action against...

BBC show slates pubcos

08-Dec-2009 By John Harrington

Pubcos were slated for their treatment of tenants on BBC's Inside Out programme on Monday night. Peter Luff MP pulled no punches, referring to the...