HORIZON Lease Agreement

The HORIZON Lease Agreement is a Fully Repairing and Insuring (FRI) Lease of 10+ years. It is designed for experienced licensees and requires a higher amount of investment than our other Agreements. The HORIZON Agreement is assignable after 2 years (subject to approval).

The key points

  • Fully Repairing and Insuring (FRI) lease agreement
  • 10 year minimum term with option to increase in 5 year periods (to a maximum of 25 years)
  • Assignable after 2 years (subject to approval by Greene King)
  • Free of tie for wines, spirits and minerals
  • Discounted prices for free of tie products

Other important things to know

England HORIZON Lease Agreement

  • The Agreement term is for a minimum of 10 years with the option to increase in five year periods up to 25 years
  • The Lease can be assigned after two years (subject to approval by Greene King)
  • You must buy beer, cider and FABs (Flavoured Alcoholic Beverages) from Greene King. You do not have to buy wines, spirits and soft drinks from us, although they are offered at discounted prices
  • Gaming machines are supplied through Greene King on a 50/50 profit split
  • You must purchase the Inventory (Fixtures & Fittings) at the start of the Agreement
  • Your rent will be capped and linked to the Retail Prices Index (RPI)
  • There are five year open market rent reviews
  • You'll need to pay a Deposit of 25% of the annual rent (minimum £6,000)
  • You are fully responsible for both internal and external repairs to the building
  • You operate your pub in line with our Standard Agreement Terms

Scotland HORIZON Lease Agreement

  • The agreement term is for a minimum of 10 years with option to increase in five year periods up to 25 years
  • The Lease can be assigned after two years (subject to our approval)
  • You must buy beer, cider, FABs (Flavoured Alcoholic Beverages) from Belhaven Pubs
  • You do not have to buy wines, spirits and soft drinks from us, although they are offered at discounted prices
  • Gaming machines are supplied through Belhaven Pubs on a 50/50 profit split
  • You must purchase the Inventory (Fixtures & Fittings) at the start of the Agreement
  • Your rent will be capped and linked to the Retail Prices Index (RPI)
  • There are five year open market rent reviews
  • You'll need to pay a Deposit of 25% of the annual rent (minimum £6,000)
  • You are fully responsible for both internal and external repairs to the building
  • You operate your pub in line with our Standard Agreement Terms