Different Opportunities
Our agreements provide differing opportunities, with varying ties and pricing options, which we can discuss with you in more detail when you get in touch or meet with one of our Business Development Managers.
An overview of our agreements
Watch the video below to discover the two main agreement types we offer, the differences between them, and the other agreement types that are available.
Our standard tenancy agreement
This is a five-year fixed-term tied agreement which is contracted out of the Landlord and Tenant Act 1954. Rent is set at the start of the agreement and is subject to the annual Retail Prices Index (RPI), which is capped.
While Greene King is responsible for the structure of the building, you’ll have the responsibility to keep and maintain the property. This agreement provides the ability to end it at any time with only six months’ notice and payment of a standard notice fee equal to three months’ rent.
You will not be required to purchase or rent gaming machines, although we can support you with expert machines advice and supply if you wish.
Our Scottish tenancy agreement
This is a three-year fixed-term tied agreement. Rent is set at the start of the agreement and is subject to the annual Retail Prices Index (RPI), which is capped. While Greene King is responsible for the structure of the building, you’ll have the responsibility for internal repair.
This agreement provides the ability to end it at any time with only six months’ notice and payment of a standard notice fee equal to three months’ rent.
You will not be required to purchase or rent gaming machines, although we can support you with expert machines advice and supply if you wish.
Our pub franchise agreement
Our pub franchise agreements operate under two brands, known as Nest Pubs and Hive Pubs. Franchise agreements provide an alternative way to run a pub business without all the risk and big entry costs. You run the pub; we have the liability for the property, paying all the running costs including stock. We also supply marketing, training and ongoing support. You’ll just need to pay staff wages, your liability insurances and council tax for the living accommodation. You’ll earn money in a number of different ways, depending on the franchise brand you operate under.
Our standard lease agreement
Our fully repairing and insuring lease, ranging from 10 to 25 years, is fully protected under the Landlord and Tenant Act 1954 with rights of renewal. It’s subject to five-yearly open market rent reviews and the annual Retail Prices Index (RPI), which is capped. You have the ability to sell the agreement (known as ‘assign’) after two years, and you will not be required to purchase or rent gaming machines.
Our partnership agreement
Our partnership agreement is a five-year fixed-term 100% turnover based agreement, contracted out of the Landlord and Tenant Act 1954. The rent is calculated as a percentage of the weekly turnover (a cap and collar applies). Greene King is responsible for the structure of the building however you'll have the responsibility to keep and maintain the property. This agreement provides the ability to end it at any time with only six months' notice and payment of a standard notice fee equal to three months' rent. You will not be required to purchase or rent gaming machines, although as with our standard tenancy agreement, we can support you with expert machines advice and supply if you wish.