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.
