Revised pub code published
The government has released a revised Pubs Code, following "drafting errors" that delayed its implementation, originally expected for the end of last month.
The code supposedly contained a loophole in the planned Market Rent Option (MRO), which allows the granting of a free-of-tie rent when a tenant or lessee of a landlord who owns fewer than 500 pubs requests it.
Following its publication, ALMR chief executive Kate Nicholls said: "The publication of the revised Code will provide licensees with some peace of mind and a sense of clarification on an issue that has dragged on for some time now.
"We note with some concern, however, that the revised Code appears to give no mention of a solid implementation date, only that the legislation will take effect the day after its approval.
"Any further delays risk adding to the sense of uncertainty, undermining confidence and investment and will pose further problems for any lessees with ongoing issues.
"The ALMR will be pressing BIS and the Committee Clerk to provide us with a degree of certainty regarding the timetable for implementation. The ALMR will also continue to work closely with its members, providing support and information at our workshops, during this period of transition."
Pubs code delayed as market rents only loophole is uncovered >>
BBPA slams Pubs Code as unworkable >>
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