What is a tenancy agreement?

An agreement between you and the Landlord from whom you rent your property.

Choosing the agreement type that best suits you can be a little over whelming. Here we summarize everything you need to know about a typical tenancy agreement.

Deposit/Bond Usually about 25% of rent. Held against arrears on account. Returned within 28 days, subject to account being cleared and dilapidations being rectified.
Fixtures & Fittings Costs should be on valuation via an independent valuer. Possibility of renting can be negotiated.
Maintenance Rule of thumb – Pub Co. responsible for structure of building. Tenant responsible for internal repairs.
Running Costs Responsible for all running costs of the business.
Assignable Agreement  
Contractual Payments Rent, Service Charge, Building Insurance, Insurance for personal effects, Stock, F&F Public Liability Insurance, Employers Liability Insurance.
Tie Status & Purchase Obligations A Full Tie purchase all draught and packaged soft drinks, wines and spirits or Partial Tie may be available dependent on agreement with individual Pub Companies.
Fruit Machines, Quiz Machines & Jukeboxes Arrangements are made on a pub by pub basis dependent on agreement.
Business Assistance from Landlord An area manager (actual titles vary between Pub Co’s) will be assigned to you to support you. Many Pub Co’s have inhouse training courses and on-going professional development opportunities to help you grow your business and become more successful.

Tenancy agreements can differ slightly between the different Pub Companies. Give us a call for further information and we will be happy to discuss all of the agreement types currently available today.