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Has Stonegate sold 42 pubs to RedCat?
morningadvertiser.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningadvertiser.co.uk Daily Mail and Mail on Sunday newspapers.
Property round-up: Inn Collection Group, Oakman
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How much did JD Wetherspoon and Greene King claim in furlough 2020?
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The pubs code was introduced to ensure that tied tenants of the biggest pub companies get treated fairly and are no worse off than if they were free of tie.
They can judge if they are worse off by looking at both options side by side in the market-rent-only (MRO) option process. They then have the right to choose the option best for their business.
Tenant take-up
MRO is a powerful tool for tied tenants. Yet the number of them using the process has reduced year on year since the code’s introduction in 2016.
So why aren’t more tenants making use of it?
REGIONAL
David and Sharon Halstead tried to secure a new lease but have been told they will be evicted in March LANDLORDS of a closure-threatened pub are trying to rally as many people as possible to attend a virtual meeting to support them so they can still stay in charge. Tenants Sharon and David Halstead, from the Wilpshire Hotel, in Blackburn, had approached owners Enterprise Inns (EI Group) to change their lease. They said it was necessary to keep the pub viable during difficult times for industry with coronavirus shutdowns massively affecting turnover. They tried to convert their tied tenancy to a ‘free of tie’ arrangement in line with the terms of the Pubs Code, which requires the pub operators to offer a ‘market rent’-only option to tenant landlords and landladies.