Rent

New pub deal from Marston’s proclaimed a “game-changer”

30-Nov-2021 By Ed Bedington

Marston’s is hoping to reinvent the pub trading partnership with the launch of what it describes as a “game-changing” deal for operators.

'Right time to return to normal levels of rent'

14-Jul-2021 By Emily Hawkins

Pub companies have set out their plans for rent payments beyond 19 July, with most expecting tenants to pay full price when restrictions end.

The pubs code turns five

Timeline: Five years of the pubs code and PCA

14-Jul-2021 By The Morning Advertiser

The Morning Advertiser (MA) looks back on some of the pubs code's major milestones ahead of the fifth anniversary of its enforcement on 21 July.

MA SURVEY

Tell us: the pubs code five years on

12-Jul-2021 By The Morning Advertiser

As we approach the fifth anniversary of the establishment of the pubs code and the office of the pubs code adjudicator (PCA), The Morning Advertiser (MA) has launched a survey to reflect on the past five years.

Opinion

‘When a pub company is not transparent, tenants’ interests may be at risk’

24-Jun-2021 By Fiona Dickie – pubs code adjudicator

Achieving a culture of fairness through transparency by pub companies towards their tied tenants is central to the change in the sector the pubs code was created to secure.

'No great surprise' on 21 June decision

18-Jun-2021 By Ed Bedington

The Morning Advertiser's Ed Bedington speaks with Paul Wigham, CEO of All Our Bars to discuss some of the biggest stories of the week.

Commercial eviction ban will 'banish a grim shadow'

16-Jun-2021 By Emily Hawkins

The commercial eviction ban is to be extended by nine months as pubs continue to face mounting rent debt.

Tribunal orders PCA to release withheld pubco letters and meeting notes

11-Jun-2021 By Stuart Stone

A spokesperson for the office of the pubs code adjudicator (PCA) has said the regulator is ‘considering next steps’ after a tribunal ordered it to release previously withheld pubco letters.

MA's review of the week

Electric Star Pubs boss ‘not optimistic’ that the Government will intervene over sector rent debt

28-May-2021 By Ed Bedington

The Morning Advertiser's Ed Bedington speaks with Electric Star Pubs’ owner Rob Star to reflect on some of the week's biggest headlines.

Adnams forecasts return to full rent ‘later in the year’

20-May-2021 By Stuart Stone

Suffolk-based brewer and operator Adnams anticipates that its pubs will return to full rents later in the year provided there are no further regional or national lockdowns.

Nightclubs face 'cliff edge' unless Government intervenes in rent crisis

14-May-2021 By Emily Hawkins

The Government has been urged to tackle the £2.5bn rent crisis hitting nightlife operators by the Night Time Industries Association (NTIA).

Chancellor asked to step in with support if restrictions continue

10-May-2021 By Emily Hawkins

UKHospitality (UKH) boss Kate Nicholls has written to the Chancellor asking for more financial support to help pubs rebuild as pandemic restrictions are eased.

330k jobs at risk if rent protections removed

05-May-2021 By Nikkie Thatcher

The £2.5bn rent debt facing the hospitality sector threatens more than 330,000 jobs, according to research from one trade body.

Property round-up

Inn Collection Group adds 21st site, MediaCityUK beer house in the pipeline

05-May-2021 By The Morning Advertiser

The past week has seen pub property updates from Nightcap and Adventure Bars, the Inn Collection Group and City Pub Group, among others.

Star to continue rent reductions in Scotland

27-Apr-2021 By Emily Hawkins

Star Pubs & Bars has said it will continue its rent reductions for its sites in Scotland, as the sector braces for the first week of trade after lockdown.

Calls for adoption of Australian rent relief model

26-Apr-2021 By Georgi Gyton, MCA

A group of hospitality operators and property agents are calling on the Government to implement the same rent relief scheme as has been adopted in Australia, according to reports by MCA Insight.

Opinion

'Outstanding rent assessments and MRO processes should be moving forward now'

23-Apr-2021 By Fiona Dickie – pubs code adjudicator

As pubs are getting back to trading, now is the time when tied tenants of regulated pub companies may want to take professional advice.

Scotland’s Tied Pubs Bill transition period ‘could take up to two years’

23-Apr-2021 By Stuart Stone

An update from the Pub Governing Body Scotland has stressed that its services to operators will not be affected by the implementation of the Tied Pubs (Scotland) Bill.

Government call for evidence on rent welcomed

07-Apr-2021 By Emily Hawkins

The Government’s call for evidence on commercial rent debts has been published with operators encouraged to complete the online survey.

‘Bail out pubs struggling with rent debt,’ Lib Dem leader urges Government

30-Mar-2021 By Emily Hawkins

The Government should help struggling pubs by offering to cover up to 80% of their rental costs, Liberal Democrat leader Sir Ed Davey has urged.

MPs back calls to review pubs code ‘event trigger’ in light of Covid-19 pandemic

24-Mar-2021 By Stuart Stone

A group of 25 MPs have backed calls to reform a regulation of the pubs code outlining which events can trigger an accelerated rent review.

Rent moratorium extension ‘only defers the problem’

23-Mar-2021 By Nikkie Thatcher

More than half (53%) of operators quizzed in an industry poll said the Government’s decision to extend the rent eviction ban is of ‘little support’ as simply it postpones the issue.

Hawthorn to start charging full rent from August

19-Mar-2021 By Nikkie Thatcher

Community pub operator, Hawthorn, has outlined a tapered rent support package for its estate throughout this summer.

Star tenants to pay full rent from June

15-Mar-2021 By Nikkie Thatcher

Star Pubs & Bars licensees on core leased and tenanted agreements in England will have to start paying rent in full from 21 June, following a period of discounted rates, the pubco has announced.

MA Survey

Tell us: how have the 12 months since Boris first closed pubs affected your business?

11-Mar-2021 By The Morning Advertiser

As we approach the anniversary of Prime Minister Boris Johnson calling last orders in pubs for the first time during the Covid-19 pandemic’s early throes, The Morning Advertiser has launched a survey to reflect on the past year.

Spring Budget 2021

Rent debt remains ‘biggest gap’ in hospitality support

03-Mar-2021 By Stuart Stone

Despite broadly welcoming the provisions set out in the Spring Budget, trade body UKHospitality has flagged that a ‘£2bn millstone’ still faces pub, bar and restaurant operators.

Extend commercial eviction ban until July, campaign urges

25-Feb-2021 By Emily Hawkins

A campaign for a three-month extension of the commercial eviction moratorium and flexibility on rent repayments, has been launched.

Star withdraws RPI rent increase policy following PCA intervention

19-Feb-2021 By Stuart Stone

Heineken’s pub arm, Star Pubs and Bars, has retracted a policy stating RPI rent increases constitute a tenant rent assessment or review, according to an announcement by the industry regulator.

Opinion

How do pubs code rights apply when a pub is sold?

26-Jan-2021 By Fiona Dickie, pubs code adjudicator

The pandemic is having an effect on many lives and businesses across the whole pub trade – one outcome of this could be pub acquisitions by investors with long-term confidence in the recovery of the sector.

Millions of pounds lost in unpaid rent

22-Jan-2021 By Nikkie Thatcher

At least £90m worth of rent has gone unpaid to pub companies due to the coronavirus pandemic over the past year.

Alex Reilley: ‘The end of the moratoria will leave thousands of businesses horrifically exposed’

21-Jan-2021 By James McAllister, Restaurant

Loungers chairman and co-founder Alex Reilley expects the end of the lease forfeiture and debt enforcement moratoria in March will lead to a 'phenomenal glut' of company voluntary arrangements (CVAs) across hospitality.

£2.7m rent dispute between Wellington and tenants

18-Jan-2021 By Nikkie Thatcher

Millions of pounds of rent owed to billionaire-owned pub group Wellington Pub Company from some of its tenants is currently in dispute, according to a survey.

PCA pens letter to tied tenants and ‘stops the clock’ on pubs code deadlines

13-Jan-2021 By Stuart Stone

Pubs code adjudicator (PCA) Fiona Dickie has approved a new declaration to ‘pause and preserve’ key rights during fresh lockdown restrictions and written to tied tenants in recognition of yet another ‘bitter blow’.

Greene King extends rent concessions for tied tenants

11-Jan-2021 By Nikkie Thatcher

Greene King Pub Partners has extended its 90% rent concessions for tied tenants until the end of the third lockdown, the pubco has announced.

Star continues 90% rent reduction for L&T pubs

08-Jan-2021 By Nikkie Thatcher

Heineken pub arm Star Pubs & Bars has announced it is continuing its 90% rent reduction for lessees and tenants for January.

Pub rent review negotiations suspended until further notice

07-Jan-2021 By Stuart Stone

The Pub Governing Body (PGB) England and Wales and the Scottish Pub Governing Body have agreed to suspend rent reviews until further notice amid fresh lockdown restrictions.

Rent moratoria extension 'welcome respite' for businesses

09-Dec-2020 By Emily Hawkins

Pub operators will be protected from eviction until the end of March 2021, the Government has revealed.

Stonegate reveals rent credits for tiers

09-Dec-2020 By Nikkie Thatcher

Stonegate Pub Company has unveiled three rent credit systems for its leased and tenanted arm – Ei Publican Partnerships – differing for each tier.

Greene King outlines rent support with 90% discount for closed pubs

09-Oct-2020 By Emily Hawkins

Brewer and pub operator Greene King has announced its tied pub tenants will be given at least a 40% rent discount until Christmas.

Two thirds of operators forced to consider restructuring or insolvency

06-Oct-2020 By Nikkie Thatcher

Some 69% of hospitality and leisure operators are having to weigh up insolvency or a restructure with current rent levels remaining unaffordable for the vast majority of companies, new research has found.

Ei Publican Partnership tenants to receive rent reductions in October and November

23-Sep-2020 By Nikkie Thatcher

Stonegate Pub Company’s leased and tenanted arm Ei Publican Partnerships has announced additional rent reductions.

Opinion

Rents, Covid and the code

21-Sep-2020 By Fiona Dickie – pubs code adjudicator

A top concern expressed by tenants since lockdown began has been their rent levels. They want to know what the Pubs Code and the PCA can do. I am pleased to have this opportunity to set out the position.

Eviction moratorium extension 'stay of execution'

16-Sep-2020 By Emily Hawkins

The Government has extended eviction protection for commercial tenants until the end of 2020.

Government urged to act on rent crisis to prevent ‘hospitality bloodbath’

14-Sep-2020 By Stuart Stone

UKHospitality (UKH) has warned the Government that failure to resolve the ongoing rent crisis will trigger a “bloodbath” of hospitality businesses failures and thousands more job losses.

Bolton businesses should not be 'worse off'

11-Sep-2020 By Emily Hawkins

Publicans and Bolton Council have called for an extension of the existing furlough scheme after a localised shutdown of hospitality was ordered in the town.

Greene King announces 40% rent concession for tied tenants

25-Aug-2020 By Nikkie Thatcher

Pubco Greene King has revealed £6m worth of financial support for its 975 tied tenants following the coronavirus lockdown including tapered rent concessions.

Government urged to cover half of unpaid pub rent

11-Aug-2020 By Emily Hawkins

A coalition of trade bodies representing landlords and tenants within the pub sector has called on the Government to introduce a grant to help solve a growing rent crisis.

Moratorium extended as rent code published

19-Jun-2020 By Emily Hawkins

The lease forfeiture and debt enforcement moratorium has been extended into the autumn, meaning pubs continue to be protected from eviction threats.

Pub companies must share the pain

28-Apr-2020 By Martin Roper

Multiple operator Martin Roper has found himself caught between four different landlords in the debate on pub rents.

#Unitedwestand

The Government needs to act on rent or face the end of hospitality as we know it

06-Apr-2020 By Paul Wigham

The Covid-19 outbreak has been a catastrophe for all rent-paying ‘bricks and mortar businesses’ according to All Our Bars chief executive Paul Wigham who sets out what he believes the Government should do next.