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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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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Conveyancing process: ready to complete?

This is the stage just before completion of the sale and purchase: ff the draft transfer, etc, are approved (and, if appropriate, signed by the buyer), the final enquiries are satisfactorily answered, the pre-completion search results are satisfactory, and the licence to assign is agreed by the freeholder, the seller’s solicitor will get the completion papperwork signed by the seller, and...
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Stage 11

STAGE 11: The buyer’s solicitor raises final enquiries about the title to the property, makes pre-completion searches and drafts the transfer and other documents that will transfer ownership of the property, the business, etc, into the buyer’s name, sending them to the seller’s solicitor for approval Now that contracts have been exchanged, it is down to the lawyers to sort out...
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