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Wednesday 8th February 2012
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- types of agreement
TRUST INNS' BUSINESS DEVELOPMENT LEASE
Trust Inns' Business Development Lease 3 yr (England and Wales)
The Trust Inns’ Business Development Lease (3 yrs) provides an excellent opportunity for those looking to run a pub. The lease agreement falls within the Landlord & Tenant Act 1954 and all lessees have the protection afforded by that Act. Some of the key points of the agreement are listed below but for more details please see our Code of Practice
Key points:
- Tenure of 3 years
- Partial repairing
- Free of tie on wines, spirits and minerals
- Barrelage discount scheme of £60 “off invoice” for all qualifying Beers & Ciders
- Assignable after 12 months
- Trust Inns insures the building and recharges the cost to the lessee in the form of an insurance rent. The lessee is responsible for insuring fixtures and fittings.
- Rent reflects both market conditions and agreement provisions.
- Rent will increase annually in line with the Retail Price Index (1st October)
- Rent is reviewed every three years.
- Income from all AWP/Pool/Multimedia machines is split 50/50 between the lessee and the company.
For full details of the agreement please see our Code of Practice.
