Time period:

10 years

Key benefits:

1. You can sell on (assign) your business after 12 months.
2. A barrelage discount scheme is in place offering discounts of £60 per composite barrel on qualifying beers and ciders at the point of purchase from our nominated suppliers.
3. There is no obligation to buy Wines, Spirits or Soft Drinks and these may be purchased from the supplier of your choice.
4. The lease may be charged, that is to raise funds with a Bank or Building Society, for reinvestment into the structure of the property as part of a business development project. (Not applicable in Scotland)

The rent:

This is an open market rent which reflects the provisions within the lease agreement. It will increase annually in line with the Retail Price Index (1st October) and is reviewed every five years.

Brands on the bar:

The lessee is obliged to purchase (commonly referred to as the tie) all draught and packaged beers, cider, perry and flavoured alcopops from the company or its nominated suppliers.

Responsibility for repairs

The lease is a full repairing and insuring lease, meaning the lessee takes on responsibility for putting the property as a whole in repair and keeping it in good repair.

Insurance:

An insurance rent will be charged by the company as a monthly rent.

Machines:

Income from all AWP/Pool/Multimedia machines is split 50/50 between the lessee and the company.