Renting

Accurate energy ratings vital for future leasings, warns EPC expert

12-Feb-2014 By Ellie Bothwell

Licensees looking to sell or lease their pub must make sure that an energy rating of the property has been carried out accurately in order to avoid breaking upcoming legislation.

We need a new definition of a Competent Operator

28-Jan-2014 By Nigel Wakefield

The old family brewers would not let novices run their pubs without training, nor would any other industry in respect of their employees, so why should the pub trade? Nigel Wakefield looks at the notion of a 'Competent Operator' and how standards...

Six tips on taking a pub lease or tenancy

23-Jan-2014 By Poppleston Allen

Licensing law firm Poppleston Allen provides six top tips in relation to taking a lease or tenancy agreement of a pub.

Statutory Code: Price estimates too low, warns ALMR

16-Jan-2014 By John Harrington

Pubcos may have to transfer “considerably more” in profits to their tied tenants than the Government estimates — up to £20,000 per pub — under the proposed statutory code, according to the Association of Licensed Multiple Retailers (ALMR).

New rent recovery rules 'could upset owner-tenant relationship'

14-Jan-2014 By Ellie Bothwell

New regulations governing the ways in which landlords are able to recover commercial rent arrears could upset relationships between owners and tenants, according to property consultancy firm Bruton Knowles.

Statutory Code: OFT warns Govt on pubco intervention

06-Jan-2014 By John Harrington

The Office of Fair Trading (OFT) has warned the Government that plans to intervene in the tenanted pub model could lead to higher rents for tenants and higher prices for customers.

Great British Pub Award 2012 Pub of the Year forced to surrender lease

02-Jan-2014 By Ellie Bothwell

The Great British Pub Award 2012 Pub of the Year winner has been forced to surrender his lease after his pub company claimed he was a below-average operator.

Statutory Code: Wellington warns on upward-only rent ban

19-Dec-2013 By Lewis Brown

Wellington Pub Company, the free-of-tie leased pub operator, has criticised Government proposals to ban the use of upward-only rent review clauses by pub companies, saying that such a move risks distorting the market for commercial landlords.

Statutory Code: Spirit may be forced to reintroduce upward-only rent reviews

18-Dec-2013 By Michelle Perrett

Spirit Pub Company has told the Government that it may be forced to introduce upward-only rent review (UORR) clauses to leases if a free-of-tie option is made mandatory.

Statutory Code: Admiral Taverns claims costs would 'fundamentally compromise' financial position

17-Dec-2013 By John Harrington

The cost burden of the proposed statutory pubco regulation could “fundamentally compromise” Admiral Taverns’ financial position, the company has warned the Government.

Statutory Code: Resounding support for action over pubcos in BIS survey

17-Dec-2013 By Lewis Brown

A resounding 96.2% of people who took part in the survey about the relationship between pub companies and tenants agreed that the Government should regulate the relationship between pub companies and tenants.

PGB amends PIRRS to make system 'more transparent'

28-Nov-2013 By Ellie Bothwell

The Pub Governing Body (PGB) has amended the Pubs Independent Rent Review Scheme (PIRRS) to make the system “more transparent”.

Average rents on new leases stabilise

22-Nov-2013 By Michelle Perrett

The average annual rent for new pub leases in England and Wales stabilised at £24,939 per annum during the third quarter of 2013, according to the Royal Institution of Chartered Surveyors (RICS) Pub Benchmarking Survey.

Legal Q&A: Recovering rent arrears

15-Nov-2013 By Weightmans

The law around recovering outstanding rent arrears is changing in April 2014. What does this mean for pub landlords and do they need to make changes now to ensure compliance? Law firm Weightmans takes a closer look.

Pubcos must stop this beer-price escalator

23-Oct-2013 By Rob Willock

The tenanted pub companies have been putting their houses in order (literally and figuratively) in recent years. None but the most one-eyed of pubco critics can deny that — though I will doubtless, as ever, receive plenty of abusive trolling on social...

Average rents on new leases drop, according to RICS

17-Oct-2013 By Michelle Perrett

The average annual pub rent for new leases in England and Wales dropped slightly to £24,368 per annum during the second quarter of 2013, according to the Royal Institution of Chartered Surveyors (RICS) Pub Benchmarking Survey.

Pubs missing out on £5,000 energy savings

16-Oct-2013 By Ellie Bothwell

Pubs are missing out on more than £5,000 worth of savings a year due to not knowing the most efficient ways to consume energy, according to Npower.

Greene King claims licensee members' club success

10-Oct-2013 By Noli Dinkovski

Greene King has hailed its first annual members’ club event for its top-performing licensees as a roaring success.

Fleurets: third of all rent reviews result in increase

18-Sep-2013 By John Harrington

The Fleurets Rental Survey reveals that despite market conditions a third of all rent reviews resulted in an increase.

Opinion: Differing methods of setting pub rents

27-Aug-2013 By Jonathan Essex

Traditional pub rents are usually set with reference to the profit that can be generated from the property, but high-street pubs and bars are usually valued on a rate per square foot. Why the difference?

Arkell’s reinforces help for new tenants

16-Aug-2013 By John Harrington

Arkell’s, the Wiltshire-based brewer and pub operator, has appointed its managed house director Craig Titchener to the new role of tenanted director as it takes a more “hands-on” approach to supporting new licensees, company director George Arkell has...

London restaurant demand hits pub rent levels, claims property agent

15-Aug-2013 By Gurjit Degun

Pubs in London are seeing higher rents because of the strong demand that restaurant operators are bringing to the City.

A statutory code could see a new beginning for the trade

07-Aug-2013 By Simon Clarke

Left with the choice of ‘play fair or don’t play’ the pubcos and brewers have gone into overdrive in trying to limit what might come to pass, says Simon Clarke.

British Beer & Pub Association issues caution over ALMR Benchmarking survey figures

06-Aug-2013 By Michelle Perrett

The British Beer & Pub Association (BBPA) has issued a note of caution over the statistics which suggest that rents are higher in the tied sector as a proportion of turnover, than the free-of-tie sector.

Tied rents remain higher than free-of-tie rents for second year

02-Aug-2013 By Rob Willock

Rents remain higher as a proportion of turnover among tied pubs than free-of-tie pubs, according to this year’s Benchmarking Report from the Association of Licensed Multiple Retailers (ALMR).

Cost of running the average pub increases

02-Aug-2013 By Mark Wingett

Like-for-like sales climbed 5.8% across the UK’s pub sector in the year to October 2012, with community locals and food led outlets outperforming the market, according to the Association of Licensed Multiple Retailer’s (ALMR) latest Benchmarking Survey...

Pub property agents continue to see strong demand for free-of-tie leases

31-Jul-2013 By Gurjit Degun

Pub property agents are continuing to see a strong demand for free-of-tie leases as an alternative to taking on a freehold site.

Statutory code: MPs call for flexibility over 500 pub threshold

22-Jul-2013 By Michelle Perrett

The Business, Innovation & Skills Committee (BISC) has called for “flexibility” in the proposed statutory code for pub companies so it could be applied to smaller tenanted pub operators at a later date.

It's time for some facts when it comes to the beer tie

10-Jul-2013 By Andrew Delahunty

Andrew Delahunty, managing director of DLHY Pub Company, argues that the simple use of a calculator shows why tenants should be given a free-of-tie option as part of any new statutory code of practice.

Punch forms New Business Division to support new tenants and lessees

25-Jun-2013 By Rob Willock

Punch is forming a New Business Division to provide dedicated support to all new tenants and lessees.

Tenanted Pub Summit: Star Pubs & Bars targets minimum tenant income of £30K a year

24-Jun-2013 By John Harrington and Michelle Perrett

Star Pubs & Bars is targeting minimum tenant income of £30,000 a year within seven years.

Statutory code: IFBB claims benefits worth £25K a year to licensees

19-Jun-2013 By Michelle Perrett

The Independent Family Brewers of Britain (IFBB) has unveiled research asserting that the average value of Special Commercial or Financial Advantages (SCORFA) to a licensee of its member companies is £25,000 per annum.

Enterprise chief Tuppen attacks Government and campaigners over statutory code

18-Jun-2013 By John Harrington

Enterprise Inns chief executive Ted Tuppen has labelled the Government’s consultation into the statutory code for pub companies “a disgrace” and accused MPs and ministers of “deliberate distortion of the meaning of evidence” over the issue.

Liberal Democrats come under fire over upward only rent review clause in council owned pub

30-May-2013 By Gurjit Degun

The Liberal Democrats have been urged to “practise what they preach” with regards to upward-only rent reviews (UORR) on leases.

Licensees warned to check leases to obtain rent reduction

30-May-2013 By Gurjit Degun

A licensing lawyer has encouraged tenants and lessees to check their lease to see if they are eligible to renew their contract and obtain a rent reduction.

Will the pub industry code work? I won’t hold my breath

13-May-2013 By Gerry Price

Having bought the freehold of our property from Enterprise Inns last October, we have had to adjust to a slightly different scenario in our business. Times remain very challenging but brewers are so supportive of freeholders it makes life seem better.

Tim Martin: The perils of buying property

08-May-2013 By Tim Martin

Do your homework or it could cost you in the long run, warns JDW chair Tim Martin

Luke Johnson: Operators 'restricting themselves' by only seeking freeholds

29-Apr-2013 By John Harrington

The value of freeholds in the sector can be an “illusion” and operators are restricting themselves if they avoid leaseholds, according to serial industry investor Luke Johnson.

Only five free-of-tie leases were granted though Punch, Enterprise and Marston’s in 2012

24-Apr-2013 By Michelle Perrett

Only five free-of-tie leases were granted though Punch Taverns, Enterprise Inns and Marston’s in 2012, the first Royal Institution of Chartered Surveyors Pub Benchmarking Survey has revealed.

Rents on new pub leases fall, RICS Pub Benchmarking Survey reveals

18-Apr-2013 By Michelle Perrett

The average annual pub rent for new leases in England and Wales dropped slightly to £26,920 during the last quarter of 2012, according to the new Royal Institution of Chartered Surveyors’ (RICS) Pub Benchmarking Survey.

Licensees warned over pub energy ratings

08-Apr-2013 By Gurjit Degun

Licensees looking to sell or lease their pub need to make sure that the energy rating of the property has been carried out properly.

Leasing becoming more attractive than selling for freehold pub owners

20-Feb-2013

I have noticed that the owners of freehold premises are starting to realise that they have a better option than ‘cutting their losses’ and selling up.

Problematic licensees linked to Heavitree profit fall

13-Feb-2013

Heavitree Brewery, the Devon-based tenanted pub operator, has reported a 20% fall in profit before tax and finance costs to £1.1m in the year to 31 October 2012, with an exceptional impairment charge and costs linked to “problematic” licensees cited as...

BBPA publishes Version 6 of the Industry Framework Code

11-Feb-2013

The British Beer & Pub Association (BBPA) has published version six of the Industry Framework Code of Practice for Tied Tenanted and Leased Pubs.

Isn't it time the pub industry got real?

04-Feb-2013 By Robert Sayles

It was sad to see that fellow blogger Mark Daniels has decided to call time at his Greene King pub.

Mountford: Statutory regulation and why choice is not such a scary thing

04-Feb-2013 By Dave Mountford

I don’t always get the opportunity to catch up on what’s happening in the PMA, but having a spare 10 minutes the other day I picked up the 17 January edition and had a leaf through – more to see if I had been reported saying anything “outspoken” than...

Punch boss Roger Whiteside warns on increase in pub disposals

29-Jan-2013 By Michelle Perrett

The outgoing chief executive of Punch Taverns, Roger Whiteside, has warned that pub disposals could increase if regulation forces pub-owning companies to offer more free-of-tie leases.

Statutory code: 'tied' and 'tenanted' agreements to be targeted

16-Jan-2013 By Adam Pescod

The Government has confirmed that all tied pub agreements will be covered by the proposed statutory code and adjudicator for pub companies and tenants.

Pub property predictions for 2013

11-Jan-2013

How will the pub property market perform in 2013? To get the answers, the Publican’s Morning Advertiser speaks to agents in the know

Statutory code: Large pubcos could shift back to old-fashioned tenancies to avoid regulation

08-Jan-2013 By Michelle Perrett

Large pubcos could shift back to the old-fashioned tenanted model if the Government fails to implement its statutory code correctly, BII chairman Bernard Brindley has warned.