Greene King Pub Agreements
We offer a range of agreements with terms that depend on the commitment you want to make. Some agreements give you flexibility so you can run things how you wish, others have set Operational Procedures and extra levels of support.
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. Alternatively, come along to one of our events either in a pub or at our brewery, and experience first-hand our award-winning brewery and passion for pubs.
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 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.
OUR PUB FRANCHISE AGREEMENT
Our new pub franchise agreement provides an alternative way to run a pub business without all the risk and big entry costs. You run the pub on our behalf and 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 a guaranteed income of £20,000 plus you can earn bonuses based on business performance and standards audits.
OTHER AGREEMENTS
We regularly review our agreements to ensure they remain appropriate and competitive in the marketplace. While our standard tenancy and standard lease are our principal agreements, we do have other agreements available, subject to the pub, style of business and operator. Our Business Development Managers will happily discuss these with you
The below video explains the two main agreement types we offer and the differences between the two, however other agreement types are available.
WHY GREENE KING
We have a 200 year tradition of brewing great beers and operating great pubs.
BUSINESS SUPPORT
We offer a wide range of continuous support services for your business once you’re up and running.
PUBS CODE
As a pub-owning business we’re regulated by legislation in England and Wales. Here's everything you need to know.