Statutory PubCo Code approved by Parliament

logo_BISAmendments made by the House of Lords to the Small Business, Enterprise and Employment Bill have been agreed by the House of Commons with the consequence that the Bill was passed by Parliament on 24 March 2015 and should now receive Royal Assent soon. Secondary legislation is anticipated in the autumn to enable tenants and pubcos to agree a waiver to the market rent only option for pubcos that are willing to make “significant investments”. A similar exemption will apply to “genuine franchise agreements”.