Rent Review​s
Industry Insight
Industry Insight
Our interaction and longstanding involvement in the licensed and leisure property sector has presented us with detailed understanding of the inner workings, the tricks, and the strategies used against many lessees and tenants. We have put together a resource bank, bringing our knowledge to light, in an effort to inform the operators of our industry what actually goes on.
Our interaction and longstanding involvement in the licensed and leisure property sector has presented us with detailed understanding of the inner workings, the tricks, and the strategies used against many lessees and tenants. We have put together a resource bank, bringing our knowledge to light, in an effort to inform the operators of our industry what actually goes on.
Pubs Code & MRO
The new legislation came into being in July 2016. The will of Parliament was that matters were intended to be simple. If you wanted to be free of tie you could make an application through the Pubs Code in a simple, straight forward and supposedly cost-effective manner. It did not work out that way at all. "Due process" as it is known is slow, tortuous, strictly time-controlled and complicated.
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The log jam created by the PCA during 2016/2017 is now easing significantly with more cases coming through the system. The Draconian opposition at every turn by certain Pubcos has eased somewhat although the co-called ‘Mode of Delivery' is still contentious.
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Chris Wright and Simon Clarke, two of our team members, were involved in the consultation and formulation of the Code on behalf of tenants and both readily accept that it is far from perfect. However, attempting to change the rules is still ongoing with representations being made to the Legislators. Slow but sure.
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We know MRO for all of its positives and negatives and have a constant stream of cases going through the system. Chris Wright, director of the Pubs Advisory Service (PAS) is our subject expert and handles all of our Pubs Code-focused matters and cases, with Morgan & Clarke handling all rent and valuation matters. PAS has been involved since the inception of legislation and has represented many dozens of pub tenants and lessees at arbitration.
The Pubs Advisory Service has a track record in raising referrals and navigating through the Pubs Code legislation to tenant and lessees advantage. No one is better able to fight for tenants when it comes to the Pubs Code.
If you would like to see more answered MRO questions, visit our Market Rent Only frequently asked questions page for further information.
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