The trials and tribulations of tied pub tenants

If you are thinking of taking on a leasehold pub with a pubco (Punch Taverns, Enterprise Inns, etc) as your landlord, it is well worth watching this video about the problems faces by tied pub tenants first – to make sure you are happy you can cut it
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April Fool giveaway

It’s my birthday in April, so I’m giving a 10% discount on all new legal work where I receive (and accept)instructions in April 2010 – you need to quote “promo code April Fool” when giving the instructions (on the authority form, in the case of new clients) in order to qualify, so don’t forget Comments
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Client feedback

It’s always nice to have good client feedback. One completed questionnaire arrived this weekend from a pub-buying client: Communication: “Excellent” Legal work: “Excellent” Fees paid: “Good value for money” Possible improvements: “Is there an improvement on ‘excellence’?!” Would you recommend me? “Yes” Comment:...
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A smooth handover

For once, a nice, efficient, pub completion today: the Ewe & Lamb at Rolvenden Lane has changed hands; I acted for the sellers and Janet Cousins at Mowll & Mowll in Dover acted for the buyers. She is always efficient and, while still protecting her clients’ interests, co-operative – unlike many solicitors, who seem to think it is part of their job description to be...
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Being held over a barrel

It is fairly common, when buying or selling a pub, to have a simultaneous exchange (of contracts) and completion. Partly this is because the parties’ preferred completion date is too soon to allow for all the pre-contract work to be finished a couple of weeks before the completion date – as a result, the parties often book removal arrangements, etc, on trust. This trust can be...
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An improving market?

It may be too early to tell for sure, but there are indications that there is more movement in the pub market than over the past few months: I am currently handling 4 leasehold pub sales and one freehold pub purchase, all of which were “stalled” before Christmas, but which are now leaping forward I hope this is a sign of better times to come – though the leasehold sale prices...
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Latest company update from Nelsons

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