Base Lease

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Watch an overview of the Base Lease

Key Features

  • Long term agreement.
  • Rent is clearly set out for the first 5 years, with no rpi increase.
  • Supplemental agreement option for free trade pricing (advance) or free of tie (ultra)
  • 100% of machine and food income retained
  • Fully repairing obligation (internal & external)
  • The lease can be sold and we've removed the authorised guarantee agreement

Download the agreement
Download our agreements comparison table
(pdf documents, both open in a new window)

Are you looking for a challenging long-term opportunity to be your own boss and run your own pub?

Marston's Pub Company's 5 to 30 year base lease package could unlock the door for you. It's fair, different, and it puts crystal clear water between us and other pub companies. It's for people who think they've got what it takes to be their own boss and that running their own pub business could be for them.

Playing Fair

It's an open and transparent agreement. Others talk about openness - we take action to help you make a success of running your own pub.

That's why your first five years' rent will be clearly set at the start, so you know exactly where you stand. Rent is fixed for the first five years, even if inflation goes through the roof, RPI will not affect your rent. Five years into the lease, we'll take a fresh look at your business taking into account good will and improvements. The way the rent is reviewed is set out in your base lease agreement.

Another feature unique to base lease which you're going to love - we've done away with what we think is the unfair imposition of AGA - the authorised guarantee agreement.

If your deal is covered by an AGA and you decide to sell, if your buyer defaults on rent or other payments, the landlord can come back to you and demand that you pay up to 6 months of the missing money at any time, even though it's not your fault.

Hardly fair, is it? so we've come up with what we feel is a much better approach. We've done away with the dreaded AGA's, and instead we'll be asking for a small share of the sale price - just 10% - if you decide to sell on. It's our way of making sure that leaseholders won't have to dig deep into their own pocket to pay for someone else's mistakes.

With other pub companies, having an aga could prove to be a nasty surprise if there's a takeover and you suddenly find yourself with a new landlord and decide you'd rather sell up and move on. Not with us.