To help you manage your ongoing repairing obligations, and to ensure your pub is maintained in a good condition throughout the term of our agreement, we operate both a repairs and maintenance and a decorations fund for all new agreements. We will establish the level of the repairs and maintenance fund and/or decorations fund as appropriate for your pub. This will be agreed with you prior to commencement of your agreement. You will make a monthly contribution into a dedicated account reserved exclusively for this purpose. The balance of the fund will attract interest at IR.
These funds are our estimate of an essential overhead cost of your business and we will reflect these costs in our Pub Business Assessment when determining the appropriate level of rent for your pub