UK Parliament / Open data

Small Business, Enterprise and Employment Bill

My Lords, I am grateful to the noble Lord for his amendment and I am looking forward to visiting some of his local pubs in Cornwall before long. To be brief, subsection (10) of the proposed new clause in government Amendment 89A makes it clear that a market rent is,

“the rent which the premises might reasonably be expected to fetch at that time in the open market”,

on the assumption that the sale of alcohol for consumption on the premises remains the main activity or one of the main activities of the premises. It is clear that the market rent is for the premises as a pub. I hope this reassures the noble Lord.

Type
Proceeding contribution
Reference
759 c146GC 
Session
2014-15
Chamber / Committee
House of Lords Grand Committee
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