The hoops pub tied tenants need to jump through to access MRO are also steeped in costs. While going free-of-tie can be ultimately rewarding, the question to consider is whether you are prepared for the cost?
When your rent comes up for review, what information do you need to negotiate a new deal and what is most important in making the case for a more competitive rent? Here, we also take a look at what you need to do when considering a rent deal for a new...
Much has been said and written about the implications of reform of the tenanted and leased pubs market. But, to misquote Mark Twain, reports about the demise of the sector appear to have been greatly exaggerated
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.
Pub-owning businesses (POBs) are blocking tied tenants’ access to the market rent only option (MRO) and going against the spirit of the pubs code, according to a report commissioned by the pubs code adjudicator’s office.
Turnover forecasts for newly leased pubs have risen by 14% for the next two years due to “improved business confidence”, according to the latest data from the Royal Institute of Chartered Surveyors (RICS).
Figures released by pubs code adjudicator (PCA) Paul Newby show that there have been, on average, more than 20 requests for him to step in and adjudicate every month since the pubs code became law six months ago.