FIXED-TERM TENANCY: OUR STANDARD AGREEMENT
We believe in the L&T model as it is a low start-up cost whilst giving you the freedom to set your pub’s offer, and you are never on your own, with the support and backing of a company that acts as your sounding board to success. You can manage your risk by having the option to break licensee agreements at any time with six months’ notice.
* It is contracted out of the Landlord & Tenant Act 1954, meaning that it will come to an end after five years.
KEY FEATURES:
- Five-year fixed term.
- One supplier for all beer, cider,wines, spirits and soft drinks.
- Fully Tied with flexibility provided through Tie Release Fees.
- Pricing and discounts agreed with rent.
- Reduced repair and maintenance obligations. Rent is fixed for the term.
- We can terminate the agreement on six months’ notice if there are significant rent arrears or tie breaches.
- You can terminate the agreement on six months’ notice.
FULLY REPAIRING AND INSURING LEASE
Perfect for experienced licensees who want time to build up the value of their business and accrue the return on their investment with the added benefit of being able to sell their lease on should they choose to.
KEY FEATURES:
- Minimum ten year agreement.
- Assignable after two years.
- Rent review every five years.
- Annual RPI increases.
- You will be responsible for all repairs and maintenance.
