Guidance on clarity in the MRO procedure
The Pubs Code Adjudicator has issued statutory guidance to pub companies to remove barriers for tenants and ensure a fair and consistent approach to the Market Rent Only offer.
Applies to England and Wales
The PCA has become aware from arbitration disputes and listening to tenant concerns that there can be barriers and disincentives to accessing the Market Rent Only (MRO) option to go free of tie. Following consultation, the PCA has exercised her powers to issue statutory guidance.
The guidance has been made under section 61(3) of the Small Business, Enterprise and Employment Act 2015. The guidance will come into effect from 1 May 2023.
Further information about the PCA’s powers to issue statutory guidance and the effect of that guidance can be accessed here.
Published 17 March 2023