Acting for the tenants of a South London wet-led public house near the local train station, Morgan & Clarke received instructions to produce a free-of-tie rental valuation and advise the Tenant who wished lead negotiations with the Landlord themselves but relying on our rent advice and support.
Admiral MRO 'Full Response' - £57,500
Negotiated MRO (free of tie) Settlement - £48,000
Passing Tied Rent – c.£52,000
The MRO (free of tie) rent settlement agreed by the parties represents a totally free-of-tie trading operation £4,000 less than the passing tied rent, avoiding referral to Independent Assessment, enabling an early transfer free of tie and incurring no further costs.