Pub Tenancy or Lease - the Choice is Yours
We offer a range of business agreements to suit each individual operator and business opportunity.
'Easy Start' Agreement
- Lower in-going costs that are restricted to deposit, stock, glassware and legal/admin fees
- One month notice period
- Contracted out of the Landlord and Tenant Act
- Invariably applies to smaller sites that are less complex to operate
- Suitable for first time entrants into the trade who have restricted access to capital
Introductory Agreement
- Six month notice period
- Inventory costs negotiable
- Deposit, stock, glassware and legal/admin fees also applicable
- Contracted out of L&T act with 6 month break clause
- Often utilised as an 'introductory'agreement prior to conversion to a full tenancy or lease
This is a great choice if you are new to the pub trade and want to explore the business and gain confidence before making a longer term commitment. Typically the agreement will be for 1 or 3 years , but with the chance to change your mind at various points throughout that period.
Classic Tenancy Agreement
- Six month notice period, prior to the 3 year review
- Inventory, deposit, stock, glassware and legal/admin fees applicable
- Contracted into the L&T act
- Charles Wells responsible for external and internal trading area redecorations
- Renewable three year agreement with tri annual rent reviews
- Provides the operator with a good combination of flexibility and security
This is the preferred choice for the majority of our licensees. A fixed 3 year term giving you the security provided by the Landlord & Tenant Act and the option to renew every 3 years.
New Assignable Lease
- 10 or 15 years lease duration
- Assignable after three years
- Inventory, deposit, stock, glassware and legal/admin fees applicable
- Excludes major structural repairs liability
- Suited to experienced operators looking to benefit from the capital appreciation from goodwill generated within the business
You may be looking to make a longer term investment with the opportunity to realise the good will that you have worked hard to generate. With our assignable leases you can sell on your interest to a third party. We offer 10 and 15 year leases where Charles Wells share the repair responsibilities and we offer a longer 20 year lease with full repair obligations.
