Pubs Code Glossary

PGA

Pubs Governing Body (An umbrella body made up of six of the industry’s leading associations representing both tenants and landlords.

PIRRS

A body that offers a rent review resolution service relating to Pubs Code of Practice (NOT >500 pubs code, the resolution service here is the Pubs Code Adjudicator)

POB

Pub Owning Business (A pub company under the code)

Pubs Entry Training

Training which is designed to raise awareness of the matters involved in operating a pub and entering into product ties and other agreements (see also PEAT)

REO

Reasonably Efficient Operator (A pub company bases expected performance on this 'theoretically' efficient operator).

Rent Model

An outline of the expectations of turnover and costs of a pub business

Schedule 1

This is the part of the code referring to information that the P.O.B. is obliged to provide prior to a new agreement.

Schedule 2

This is the part of the code referring to additional information directly associated with the agreement such as heads of terms, Rent proposal (rent model) details of the tie, machines etc.

Short Agreement

A tenancy at will, or any other contractual agreement entitling a tenant to occupy a tied pub for no more than 12 months

TIE

The tie refers to what products the terms of an agreement 'ties' you to buying only from the P.O.B. This could be a full tie (all products) or a partial tie (only draught products for example)

TPT

Tied Pub Tenant (including a prospective tenant)

TUPE

Transfer of Undertakings (Protection of Employment) regulations This relates to the transferring of employees from one company to another.

Trigger event

A trigger event is one of 5 reasons why a TPT can request an MRO (Market Rent Only)

UKH

UK Hospitality, trade body for the hospitality industry