Ei Group - Award - December 2019 – 2
Market Rent Only (MRO) statutory arbitration award.
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Market Rent Only (MRO) statutory arbitration award.
This statutory advice is to assist the industry on the application of the Pubs Code Fees Regulations to arbitration disputes about the determination by an Independent Assessor of the “Market Rent” payable for a Market Rent Only tenancy.
The Regulatory Compliance Handbook sets out the minimum standards that pubs companies must follow to be Code compliant. It also sets out the steps that they must take each time it prepares and issues a proposal for a Market Rent Only (MRO) tenancy to one of its tied tenants.
Changes to the Pubs Code start from 1 April 2022 – including to the time limits for Market Rent Only negotiation, arbitration and Independent Assessor referrals
This will be the PCA’s first tenant survey since 2019 due to the need for the industry to focus on the impact of the coronavirus (COVID-19) pandemic