Agreement Type	Tenancy	Lease	TAW	Operator Managed Agreement (OMA)	Managed House
Employment status	Self-employed	Self-employed	Self-employed	Self-employed	Employed
Rent payable	Yes	Yes	Yes	None	None
Income model	Net profit	Net profit	Net profit	% of turnover or profit share	Salary + bonus
Financial risk	Medium	Medium to high	Low to medium	Low to medium	None
Earning potential	Offer-dependent	Offer-dependent	Offer-dependent	Medium (capped by share)	Experience-dependent
Control over business offer	High	High	High	Limited	None
Beer tie	Full or partial tie	Full or partial tie	Full or partial tie	Pub company supply	Pub company supply
Stock purchasing	Pub company / own	Pub company / own	Pub company / own	Controlled by pub company	Controlled by pub company
Repairs responsibility	External repairs: pub company; internal repairs: tenant	Fully repairing, subject to the dilapidations schedule	External repairs: pub company; internal repairs: tenant	Mostly the pub company	Pub company
Length of agreement	Short to mid (1-5 years)	Long (10-25 years)	Short (under 1 year)	5 years	N/A
Best for	All operators	All operators	All operators	Lower-risk operators / semi-entrepreneurial / new to trade	Career managers