J T Davies & Sons Limited

 

PUBLIC HOUSE ESTATE

 

LEASE Q&A

 

How long is a Lease Agreement?

This can vary, but normally 15 years.

 

Who pays the legal costs?

You do, including the Court Registration costs.

 

Can the Lease Agreement be assigned to a third party?

Yes after three years and having offered it to J T Davies & Sons Ltd in the first instance.

 

What are 'estimated ingoings'?

The amount of money required to purchase the stock and fixtures and fittings.  It also includes the first month's rent.

 

Will you lend the money to me?

No.

 

How often is the rent paid?

Either monthly or quarterly, in advance.

 

Who is responsible for the building repairs, ie main structure, internal items, electrics, plumbing, cellar cooling, sump pump, central heating, plate glass, fixtures and fittings, guttering, downpipes, drains, internal accommodation, internal and external decorations?

You are.

 

Are structural and non structural alterations permitted?

Yes, with our consent.

 

Must I purchase beers, lagers and ciders from nominated suppliers?

Yes, but this can be subject to negotiation.

 

Who receives the monies from gaming machines?

Normally you but this is dependant upon negotiations.

 

What approvals are required when altering the house and who is responsible for obtaining these?

Apart from our consent, various permissions may be required (eg Planning Permission and Building Regulations Approval) and it is your responsibility to obtain these.