What do the first Pubs Code Adjudication awards actually mean for Pub tenants?
The Pubs Code etc. Regulations 2016 (“the Pubs Code”) came into force on 21 July 2016. The Pubs Code introduced certain “trigger events” which would enable a tied pub tenant (TPT) to request a market rent only (“MRO)” tenancy from their landlord. In the event that the TPT and the pub owning business (“POB”) are unable to agree on the terms of the MRO tenancy, a referral can be made by either party to the Pubs Code Adjudicator (“PCA”).
The PCA will determine the matters in dispute and issue what is known as an “arbitration award”. Initially, the contents of these arbitration awards was confidential. However, earlier this year the PCA agreed terms to waive confidentiality. The purpose of publishing these awards is to increase the transparency of the MRO process and to help TPTs to understand the extent of the rights they have under the Pubs Code.
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PubHelp.org are experts in the Market Rent Only procedure. For more information on any of the issues discussed above, or for further advice, please contact Rob Cooke at Pubhelp.org on email@example.com or 0333 3235 295
Please note this information is provided by way of example and may not be complete and is certainly not intended to constitute legal advice. You should take bespoke advice for your circumstances.