With the majority of all leases a ‘new’ style lease (Full-tie, no discounts, RPI & UUORR) Hasn’t the Deed of Variation just been used as a beating stick for the pubcos to gain a stronger more profitable position? Who in their right mind would convert to a full-tie, no discount lease unless they were under pressure to do so?



Why have thousands & thousands of original leases been converted to new style ones? Don’t tell me all of the old leases have ran their course or expired. At renewal the tenant generally has an automatic right to have the terms of the old lease implemented in the new one. 3-words spring to mind: Misrepresentation, extortion and deceit.

Steve Corbett