Pubs consultation

Meeting: 
MQT on 2013-06-19
Session date: 
June 19, 2013
Reference: 
2013/2061
Question By: 
Andrew Dismore
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

Will you write in support Option 3 in the draft statutory code for tied pubs currently out for consultation by Department for Business, Innovations and Skills: 'Option 3: Mandatory free of tie option with open market rent review All pub owning companies with over 500 pubs would have to offer a free of tie option with open market rent review. This would apply at the next rent review point for current leases and for all new leases. Each licensee would be able to choose to be either tied or free of tie. This is in addition to the statutory code and adjudicator from option 2. The rent in the free of tie offer would have to be based on Royal Institute of Chartered Surveyors guidance. This would ensure that there was a genuine free of tie option rather than one involving an unrealistically high free of tie rent.'

If not, why not?

Answer

Answer for Pubs consultation