Morgan & Clarke were approached by the Tenant of a back-street public house during the height of the pandemic to discuss a pre-covid rent review that had not been settled. The Tenant received a 165.6% rent increase proposal.
1. Criterion (Wellington) Proposal - £85,000
2. Negotiated Settlement - £65,000
With due consideration to the location, and in the absence of relevant or timely comparable evidence, we were able to mitigate the proposed increase and reach a sensible rent outcome in keeping with rent levels for the general area pre-covid.
Our team can help with rent reviews, lease renewals, third-party representation, Pubs Code / MRO, general advice on all lease-related matters, Landlord & Tenant issues or disputes.