Enterprise rolls out new tenancy agreement

Claire Dodd

Claire Dodd

08 June 2016

Enterprise Inns has rolled out its new Partnership Tenancy Plus agreement, which it claims is intended to remove 'distractions' from licensees so they can focus on running their businesses.

The new agreement – part of the pubco's five-year strategic plan – was first announced during its interim results in May. It includes a commitment from Enterprise to ensure all trading areas and living quarters are in 'strong' decorative order.

Enterprise will take responsibility for internal as well as external repairs, and contribute up to £1,000 per year towards maintenance costs. Enterprise says it will also match tenant investment 'pound-for-pound'.

The agreement is free-of-tie on wines and spirits, a move Enterprise says gives licensees the flexibility to create a 'bespoke drinks portfolio'. RPI on rent will be capped at a 2% increase per annum.

Sales and marketing director James Armitage said: 'We are always looking at ways to evolve our business and provide innovative new agreements that work for our publicans.

'This agreement is all about taking some of the distractions away so publicans can focus on running great pubs. We developed it using insight from independent industry research and feedback from both existing and potential publicans which revealed that property condition and ongoing repairs and maintenance are amongst the biggest concerns for them.

'With this agreement we will support publicans by taking some of this responsibility away.  Publicans who sign up with Partnership Tenancy Plus can be sure that they are going into a pub where they can hit the ground running and can focus on running their pub business their way.'

The new model may be seen as a sweetener for licensees considering moving to a free-of-tie agreement under the new pub code rules, set to be introduced shortly.

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