Pub Tenancy or Lease - the Choice is Yours
We offer a range of business agreements to suit each individual operator and business opportunity.
Fixed Term Agreement
A Fixed Term Agreement provides an opportunity to get first hand experience of running a pub without committing to a longer term agreement.
In some cases, it may allow new entrants with limited funds to agree lower ingoing costs and flexibility in purchasing the trade inventory.
This agreement is for a fixed period of time and is contracted out of sections 24 to 28 of the Landlord and Tenants Act 1954.
At the end of that period there is no automatic right to renewal and a new agreement would have to be negotiated between both parties if you were to continue in your pub.
Standard Tenancy
The Standard Tenancy is renewable every three years and this is the minimum time that you must commit to the business with rent appraisals agreed on a three year cycle.
You have security of tenure through the Landlord and Tenants Act and the standard tenancy is typically suited to licensees with some trade experience and who have access to appropriate levels of funding.
Assignable Lease
The Assignable Lease also provides security of tenure, is renewable and is suited to experienced operators who want a business they can develop and then sell on (assign) at a future date.
Assignable leases are usually available for a period of 10 years or more and there is generally an initial period of three years during which the lease cannot be sold (assigned).
