Market rent only lease: further provision
73.Paragraph 6 provides some examples of what the MRO process set out in the code may include. Sub-paragraph (a) provides that the code can specify a period for an MRO negotiation. This is in addition to the requirement on pub-owning businesses to use best endeavours to deliver an MRO as soon as is possible when requested to do so (see paragraph 21).
74.Sub-paragraphs (b) to (e) mention that the code may include provision about the appointment of a rent assessor, whose role is to determine what the market rent should be.