Hall & Woodhouse extends rent cancellation period

09 June 2020 by
Hall & Woodhouse extends rent cancellation period

Family-owned independent brewer Hall & Woodhouse has announced the rent cancellation and loan suspension period for its business partner estate will be extended.

Publicans will be exempt from paying rent for eight weeks after the government confirms pubs can reopen, and service charges will commence after the first four weeks.

After the initial eight-week rent cancellation period, the subsequent five weeks' rent will be charged at 50% of normal levels, allowing trade to continue to build.

Loan repayments for fixtures and fittings will remain suspended and will recommence from October 2020. Repayment of any existing trade or rent balances from prior to the lockdown will be suspended until March 2021.

Chris Chapman
Chris Chapman

Chris Chapman, head of business partnerships at Hall & Woodhouse, commented: "As pubs begin to enter the reopening phase, we acknowledge that our financial support must continue beyond the closure period. The global health crisis has impacted so many different sectors and it will take time for businesses to return to normal operating levels.

"As a company we have taken quick and decisive action since the beginning of the lockdown to help support our business partners. Our business partnerships are built on solid foundations and long-term commitment and it was the only option to support them through this."

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking