Category Archives: Rent Appeals

Fleurets, have they finally Lost the Plot? Barrel-Dregs

Fleurets, have they finally Lost the Plot? Another from the Archives, updated. A funny Old World, you have an image of a national company as being totally honest, correct, above reproach, then something happens and you wonder what actually goes on behind the façade. I have always owned freehouses and the odd bit of commercial property,… Read More »

Rent Valuations by Pub Co’s, BDM’s at Rent Reviews and some other questionable activities. (Barrel Dregs)

Rent Valuations by Pub Co’s, BDM’s at Rent Reviews and some other questionable activities. Having studied the so called method of rent assessment used by the Pub Co’s for Rent Reviews. Firstly all rents are supposedly worked out by Valuers and BDM’s on the future sustainable earnings potential by a competent operator/reasonably efficient operator (REO)… Read More »

RICS and the definition of Competent Operator

The rental levels set by the RICS are for a Competent Operator (CO) or Reasonably Efficient Operator (REO). The RICS do not, nor ever have run pubs and very few Chartered Surveyors have ever dirtied their hands with such hard work. The Valuation Committee consisted of members whose main income is derived from perpetuating these… Read More »

Pub Co’s offering 5 year Leases? Some Guidance in this questionable move.

MORGAN & CLARKE AUGUST 2016 NEWSLETTER NO. 54 Pigeon House, The Broadway, Oakridge Lynch, Stroud, Glos. GL6 7NU Email: info@morganandclarke.co.uk Phone: 01285 719292 and 01285 760370 www.morganandclarke.co.uk (Also at: London, Cardiff, Braunton, Lewes) Pub Co’s offering 5 year Leases? Some Guidance in this questionable move. It has certainly been a hectic couple of weeks since… Read More »

MORGAN & CLARKE FEBRUARY 2015 NEWSLETTER NO. 40, latest Property News

                      MORGAN & CLARKE  FEBRUARY 2015 NEWSLETTER NO. 40, latest Property News Did you know that Britain now has more breweries per head of population than any other country in the world, including New Zealand, America and Germany, with a brewery for every 50,000 people?  This is as a result of the knock-on effect of… Read More »

VOA clarifies rates for licensed trade, HM Revenue & Customs

Information about how pubs, bars and other licensed premises are valued for non-domestic rates has been published by the Valuation Office Agency (VOA). According to the VOA, this involves collecting details of rent, trading levels, and the premises’ location, type and services, and using this information to establish a ‘fair maintainable trade’ (FMT) value. FMT… Read More »

Business Rates and the Inland Revenue

Business Rates and the Inland Revenue Having crossed swords with the Inland Revenue Rating Valuation Officers face to face on a number of occasions, regarding my various pubs Rating Valuations with some degree of success. In the early days with very little knowledge of rating and a good knowledge of pub viability, whereas the Valuer had… Read More »

Pub Co and Developers Dirty Tricks Department

Pub Co and Developers Dirty Tricks Department There is nothing legally wrong with a Pubco selling the freehold of a supply-tie leased pub to anyone that they choose.   Although there is a moral implication, there is no legal obligation that the freehold should first be offered to the lessee in occupation.   This understandably money-return based corporate… Read More »

The Vagaries of Arbitration, PIRRS and Developers Dirty Tricks

The Vagaries of Arbitration, PIRRS and Developers Dirty Tricks, an essential read for all business people. MORGAN & CLARKE SEPTEMBER 2014 NEWSLETTER NO. 35 Pigeon House, The Broadway, Oakridge Lynch, Stroud, Glos. GL6 7NU September has been a month of mixed messages with no great consistency within the general tenancy / leasehold market. Recent figures… Read More »