Don’t Say We Didn’t Warn You! Oh, what a tangled web we weave, well you know the rest ! An all too familiar story has been presented to us in recent months by a number of tied pub tenant clients scattered around the country all attempting to exercise their Market Rent Only (MRO) rights under… Read More »
Landlord launches legal action against hospitality tenants over unpaid rent 01-Feb-2021 By James McAllister Burger brand Five Guys and café chain Caffe Concerto are both facing legal action over unpaid rent after one of their landlords filed respective county court claims against each operator. HTTPS://WWW.BIGHOSPITALITY.CO.UK/ARTICLE/2021/02/01/LANDLORD-CRITERION-CAPITAL-LAUNCHES-LEGAL-ACTION-AGAINST-HOSPITALITY-TENANTS-FIVE-GUYS-AND-CAFFE-CONCERTO-OVER-UNPAID-RENT-CORONAVIRUS-LOCKDOWN
My letter to the RICS who acknowledged it and said someone would contact me, which they did not. I have for many years been involved in buying small businesses and vacant commercial property, setting them up and selling them on. I have also had a number of meetings with Inland Revenue Valuation Officers, going back… Read More »
Rent Valuation Allowances The accepted method of the calculation of rent during the continuation of the pandemic is to adopt the last known pre covid-19 accounts (generally 2019 but some early 2020) and then make an allowance for caution looking forwards. There are two very distinct schools of thought which produce very different results. METHOD A This is… Read More »
Pandemic Duration – The Reality The nation is now entering a critical phase in dealing with the ongoing pandemic, namely the roll out of the vaccination programme and the continuing lockdown and eventual easing of restrictions. Vaccination has been misinterpreted by the POBs as being a definitive be all and end all cure to all of… Read More »
Cometh the Hour…Cometh the Loss Adjustor Wonderful news that the Supreme Court has generally found in favour of all those many tenants who in good faith insured against loss of business and whose claims were refused. The struggle has been a long and expensive battle. It was won in the lower courts but the contested… Read More »
Industry welcomes the further extension to furloughThe industry has welcomed the extension of the Job Retention Scheme (JRS) by another month until the end of April next year…. Read more Deltic bought out of administration by Scandinavian nightclub groupLate-night bars and club operator Deltic has been bought out of administration by Scandinavia’s largest nightclub club REKOM… Read More »
Interpretation of an MRO Application by EI Group Ltd.Let’s start with what the Code requires and then how things can get out of hand in “interpretation”. The Regulation 30 in the Code governs “Terms and conditions required in proposed MRO tenancy”. Short and sweet and says not very much. This is followed by the much… Read More »
from Morgan & Clarke The necessity for rent negotiation raises its head if the proposed rent is not accepted by the recipient party, namely the tenant. One big problem is that if you don’t engage with meaningful discussions then there is no negotiation, just lip service. That in itself is of little or no concern… Read More »
Pub Co, Licensees Horror Stories 4 (Barrel Dregs) Please note, access to this site is totally free if you would like to subscribe (No Charge) on www.buyingapub.com, they are free to be read for your guidance and aimed to help you get through a time of considerable pressure and demand. Barrel-Dregs has been run… Read More »