Signing The Agreement
Mark S. Elliott has spent 25 years working in various management roles within the tenanted and leased divisions of the UK's largest breweries and pub companies. His extensive knowledge and day-to-day involvement with pubs and publicans make him well qualified to know what is required to run a successful pub. He shares his knowledge and many 'insider tips' with you in this book. Mark is based in Cockermouth, Cumbria.
SIGNING THE AGREEMENT
Signing a tenancy agreement is normally done on the day of ingoing. The document will normally be brought to the pub by the Business Development Manager/Area Manager, who will ask you to sign it. (Make sure that you have previously received a copy and clearly understand the contents.) Check that the rent figures, any targets, and other key terms have been correctly entered into the document before you sign it.
Signing a new lease, or taking on an existing lease by assignment, will involve solicitors. You will be required to attend their office to sign the document and make payment. This can be done several days before the ingoing date. Completion of the lease will need to occur before you move in. This will be handled by your solicitor and the vendor’s or brewery’s or pub company’s solicitor.
