Glossary of terms
Tied pub: these are pubs which are owned by a pub-owning business and leased to a tenant. Tenants must buy some or all of their products and services from the pub-owning business or someone nominated by the pub-owning business ("the tie"). Ties can include, for example, beer and these products and services are often charged at a higher cost than on the open market. In return, tenants sometimes pay lower rent and receive other support from the pub-owning business.
Tied pub tenant: these are tenants under leases of tied pubs.
Pub-owning businesses: these are the landlords under leases of tied pubs.
Rent assessment: an assessment of the rent a tenant must pay
Rent review: a review of the rent payable. The frequency of rent reviews is normally set out in the lease.
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