FOR ALL TIED* PUBCO PUBLICANS IN ENGLAND AND WALES
* (i.e. Pubs in England & Wales rented from the Regulated Pub Companies).
National tier restrictions trigger your right to request a Market Rent Only deal and go FREE OF TIE in 2021. The Pubs Code timings on applying for #MRO are strict DO NOT MISS YOUR CHANCE you could easily lose out if you delay taking action now.
Tied pubs can improve their profitability under National Restrictions.
The latest regulations in force as of December 2nd 2020 lift the lockdown, tied tenants can change the rent they pay by savvy use of the pub’s code. On average there is 15% of gross profit waiting to be transferred to your pub’s balance sheet if you exercise your MRO rights. Simply put there has never been a better time to leverage the impacts of covid and the restrictions to adjust your rent, however as we stated at the top this opportunity will not last as there are strict timings imposed by the regulations.
If you want to explore going free of tie before it’s too late please contact us urgently here
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Sources: https://www.legislation.gov.uk/uksi/2020/1200/pdfs/uksi_20201200_en.pdf
https://www.gov.uk/government/news/covid-19-and-trigger-events-under-the-pubs-code