The Pubs Code etc. Regulations 2016 No. 790

SCHEDULE 3 Documents to which the independent assessor must have regard

3.  For the purposes of paragraph 2, a “reasonable forecast” is a forecast which—

(a) is based on an assessment of the level of trading at the tied pub if it were operated by a reasonably efficient tenant; and

(b) may be based on an assessment of the pub’s level of trading if it were not subject to a product or service tie.