RICS DRS have worked with the Pubs Code Adjudicator to provide a suitable process for the appointment of an Independent Assessor. If you are unable to agree an independent assessor within the specified 28 days, you are required to notify the PCA who will appoint an Independent Assessor following a recommendation from RICS Dispute Resolution Services.
Where an appointment is made by the PCA, the appointed Independent Assessor will be subject to an agreed set fee structure as follows:
The Independent Assessor fee basis is banded based on the current annual rental value of the pub:
- Rental value is £25,000 or less the Independent assessor will charge no more than £3,000
- Rental value is between £25,001 to £50,000 the Independent assessor will charge no more than £4,000
- Rental value is between £50,001 to £75,000 the Independent assessor will charge no more than £5,000
- Rental value is £75,001 or greater the Independent assessor will charge no more than £6,000
Please note that if you privately appoint an Independent Assessor from the list available these fees may differ.
In cases where a settlement is reached after an Independent Assessor has been appointed, but before a determination is made, an abortive fee may be payable. The parties should agree any such abortive fees with the appointed Independent Assessor.