A question arises over the interpretation of the Act, regarding MRO?
Some of you will have noticed stories in the press yesterday regarding the “pulling” of the pubs code by the BIS minister Anna Soubry.
We met with her yesterday at very short notice to hear from her what has happened.
She explained that a drafting error has meant the lawyers have to change a section of the code which if left as is would deny MRO to tenants who had “opted out” of the L&T act protections, they estimated that would effect @ 20% of pub tenants so it had to be pulled and redrafted to cover all tenants.
Since that meeting we have read the draft very carefully with our PAS team L&T experts and spotted that there is in fact nothing wrong with the wording! – it would seem to be the case that the BIS lawyers have failed to understand the L&T act sufficiently, that is to say when a pub tenant opts of of L&T protection you don’t then opt out of the whole L&T act as they have wrongly concluded.
We are working hard with Government to ensure they take swift action to get the code back on track for May 26th – however the timetable of the commons is fragmented (Euro referendum etc) which means a delay is almost a certainty.
They anticipate the delay to be around 1 month (at worst) and 2 weeks at best – therefore if any members have a rent review that falls during the period May 26th – July 7th please contact me urgently in the office on 02036513351
Quick reminder don’t forget next Weds May 11th MRO workshop event, i may be doing a call around later to remind members but for now tickets are still available,
Pleas use this link > http://pubs.expert/mro-and-the-future-of-pubs/mro-events.html